communications just the price of gas, and again, sometimes it seems almost crass to do this in the middle of a country of 41 million people being devastated. the current average is down from a couple of weeks ago but a year ago it was $2.87. janet yellen saying this will have economic consequences globally but including here in the united states. and that s what the president has to sell to the american people, it hurts, i know, but it s important. a lot trying to communicate to the american people, explaining why the gas prices are staying elevated. why it s more expensive when you go to the groeshly store. there was a poll out that voters who received the child tax credit don t have it anymore, they re moving more towards
of oil goes down, it s not reflected to the consumer as quickly. so they re trying to do something to push that price down even further. things are better today. still high prices but better today than they were just a week or so ago. the national gas average right now, the current average $4.23 a gallon. a year ago, $2.87. but it s down 10 cents, down a dime a gallon from just not that long ago. even yesterday once the white house signaled it was going to do this, oil futures went down. it has an immediate effect. it does. and it is a lot of signal sending. you are exactly right about what we re hearing from the white house and democrats about oil companies not necessarily passing on their savings to consumers. our colleague rene marsh did an amazing piece saying just that. but that doesn t change the political reality for the white house. for democrats who are on the ballot, who are incredibly concerned about the fact that, yes, the president is understandably putting so much
pump. to be really clear the president does not control the price of gasoline. no president does. but what we re seeing right now is this global mismatch between supply and demand. that was actually a throwback bite to the energy secretary. of course later on we ll hear from the president. he is going to say what he thinks he can do to lower the price of gas, but you heard right there jennifer granholm not something the president can do. a year ago the average price for a gallon of gas only $2.87 a gallon. a month only only $3.61. today $4.22 is the average. again we ll hear from the council of economic advisors, it will be up to private industry to make this happen. they have to work to bring wells back online that they
FOXNEWS Jesse Watters Primetime March 31, 2022 23:21:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
national average 4.17. compare that to a year ago at 2.87. now the white house says it is working to increase oil supplies to bring prices down it also says it s eager to get more truckers out on the road. the trucking industry says it is short some 80,000 drivers. and president biden he talked a lot about this during an event here at the white house on monday. we re making the largest investment in american roads and bridges since literal liver the creation of interstate highway system. and that means bright future for american trucking. but more government investments may also backfire. the federal reserve bank of san francisco examining why inflation is rising faster in this country will compared tore countries canada and germany. the study finding quote the sizeable fiscal supports measures economic collapse pandemic could explain about 3 percentage point of the recent rise of inflation. same experts warn if the government had not stepped in that could have been outright inflat