Radio Buzz: Debt Negotiations Continue in DC; Gas Prices Go Up Up Up!

The Radio Buzz.... the top talk radio stories of the day.

Audio clip:

Back to the drawing board on Debt Negotiations at the White House...

How much does the urgency to get this done - have to do with the 2012 elections...?

That question asked of Daniel Strauss - Staff Writer at the Hill - by Jimmy Ceffalo at WIOD in Miami.

His answer?

"Two thousand twelve is casting its shadow over these negotiations - and that's why the Legislators want to very clearly state their stances on this. So - Democrats want to say - we want to raise taxes on some of the wealthiest Americans - we want to close these subsidies and tax loopholes. And Republicans saying - we don't want to raise any taxes at all."

Anything else, Daniel?

"And also the fact that they don't want to kick the can down the road - so to speak - on these negotiations...and extend a short term debt ceiling increase. They want to get this done now so they can see the aftermath - the political ramifications with enough time to react in time - before voters go to the polls."

The August 2nd deadline to raise the nations debt ceiling is quickly approaching... The President won't sign a deal that doesn't extend the debt limit until at least January 1, 2013.

And we buzz right on to...

Yep... they're on the rise - yet again...

Friday - reaching a national average of $3.59 a gallon -- according to AAA, Wright Express and Oil Price Information Service.

But it doesn't impact just people's travel plans...

"These gas prices are one of the main factors in the recovery because the confidence level that people have - you know - not to go out and make big ticket purchase items - but to just go to the store or go to the mall - and feel comfortable buying a new pair of jeans or a new pair of shoes or a toy for their child. When gas prices are a little bit lower they feel very comfortable doing that."

Financial Strategist Clark Hodges - speaking with Gary and Lewis at WPLZ in Chattanooga...

"That's really the main thing - is that - if we would just get back to those 2008 levels - this economic recovery would be slamming... it'd be going so well right now."

Mind you - the national average of $3.59 a gallon is still about .39 cents below the three year high that we hit in early May...

I'm Jessica Curtis - and that's your Talk Radio Buzz, from Fox News Radio.