PEREIRA: It is time for CNN Money now. Chief business correspondent Christine Romans is here. Yesterday good news about jobs; today good news for drivers.</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Yes, more money in your pocket, Michaela. After falling for 113 straight days, the national average for a gallon of regular gas -- $2.08. Most of the country is paying less than $2 a gallon now. That's down more than $1.20 from this time last year. But cheap oil isn't good for everyone. 9,000 workers have now lost their jobs at Schlumberger; that's a company that provides tools and services for oil and gas companies. Schlumberger blames the crash in oil prices and it will cut spending on future exploration and production. Great sign for housing, folks. Americans are shopping for mortgages; mortgage applications jumped 50 percent during the first week of the year, the biggest jump since the housing market collapse Rates are rock-bottom -- mortgage rates, rock-bottom. The average 30-year fixed, 3.66 percent. A 15-year mortgage is now below 3 percent. That's a popular refinancing tool and we're hoping folks at the banks are going to loosen their standards just a little bit. So good first time home buyers with good jobs and savings will be able to buy a house this year.</s>CAMEROTA: That is good news, Christine. Thanks so much. Well, we've seen how ISIS preys on children. We'll bring you the latest on all the developments.
National Average for A Gallon of Gas Now at $2.08