call for today. politics, quite complicated. the economic interest, thank you. let s bring it in the room. cnn s nia-malika henderson and lauren fox. before we get into the politic, put the numbers out there. a year ago gas averaged $3.07 a gallon. a week ago it was above $5. that s your national average. what does it mean when you pull into the gas station and fill up? a year ago it cost you $46. now it costs you $74. so the president wants to say let s give people a break for three months. already you hear even in his own party, republicans are going to say no. i talked to senator durbin about this very issue. and he said i m supportive of the idea, but we have to be, and i thought this was interesting, honest about what the effects
and now president biden is considering a federal gas tax holiday. so, joining us now to talk about this is cnn chief business correspondent christine romans. christine, tell us what this would look like. sure. and how it would feel for us. well, let s unpack this. first of all, this is urgency at the white house. when you look at numbers, $4.97, holding steady below $5. a years ago, $3.07 for a gallon of regular. so this is something that s hurting american families every si single day. and it shows distress of public opinion polls. what is the federal government indicating? a gas tax holiday. that would suspend 18.4 cents a gallon if the white house decides to go this way. this is used to fund federal highway and infrastructures and state taxes on that as well. this is why you see gas prices all the way different across the
everything else. derek hunter saying he keeps tell you he doesn t give a damn that you can t afford gas. in addition to travel headaches, gas prices hover around $5 a gallon, average is $4.96, a month ago $4.59, and a year ago $3.07. 42 million are expected to drive over the fourth. airline prices are 14% higher, $201 the lowest ticket price on top of higher prices. ashley: something going up is price of barbecue this summer. cheryl: latest victims of biden inflation, summer barbecue, hot dogs up 37%, chicken up 27%, ground beef up
groups lodge a green coup, this is gas prices stand this morning $5.01 on average, it was $3.07 a year ago. todd: that is sickening. the president having trouble with truth when it comes to inflation. cheryl: he is facing criticism for claiming inflation is worse everywhere, but here. president biden: families are carrying less debt nationwide, have more savings nationwide. under my plan, we made extraordinary progress and put america in position to tackle a world-wide problem that is worse everywhere issue but here. cheryl: that is not the case, consumer price hit 8.6% in may. in other countries, canada, japan 2.5%, even france is at
this morning just one penny away, the national price the national average for a gallon of gas $4.99 a gallon. alexandra field live in new jersey. very close to $5 which is a serious mental barrier. reporter: we will be talk about this all summer long because all the predictions are it is just going to get worse. the average price crept up a penny overnight nearly two pennies but those pennies are adding up so quickly. consider the fact that a week ago we were at an average of i-4.76 a month ago it was $4.37 and a year ago $3.07 in knowledge they re selling gas for $5.09, ten cents over the national average and that s what people are dealing with already, some 20 states already sell fuel on average for more than $5 a