fossil fuels on their target list. they need to reverse that and know that putin is a clear and present danger to the world with, and we can do a lot to counter that by unleashing american energy if production both in natural gas and oil and gas that ll bring down prices for our own consumers. but more importantly, it offers a real lifeline to our friends in europe. jon: talk about prices, yesterday s gas price current average in this country was a little over $4 a gallon. one year ago as the graphic shows it was $2.76. and if you look at the recent trends, yeah, it s $4.01 now. a week ago, $3.64. it has been on a rapid climb since this war started and especially since talk of the war started. how quickly do you think we could turn this around if we would start drilling for more oil in this country? well, if we d kept the trump
skal. what, over 7 bucks a gallon over the weekend? $6.99 for regular? reporter: exactly. it s hard to believe. you know, you come down to some of these gas stations inside the city and it s like, wow, how can people afford to do this? the answer is most people can t because what we re seeing in terms of price growth is very much outpacing wage growth here. so there s a lot of pain at the pump. the national average is $4.07 a gallon. the all-time record national average high is $4.11. you do a little math here, we could see that price as soon as tomorrow because yesterday it was $4.01 for a gallon of regular and there s the average nationwide. the numbers are going through the roof. it is very much driven by the volatility in the oil markets right now. we do know that many drivers understand there is the russia invasion of ukraine. and they see that as, you know, something to contend with. but they also tell us, look, it
different today, safer today, if that were still the case. rachel: amen. will: energy is power. by the way implications of this are making their way home. national gas prices this morning, $4.01. there has been a fast moving development last couple days, last week or so, american corporations in a shocking number, basically canceled their business deals with russia. from oil and gas companies, to visa, mastercard, they won t process transactions in russia. my question to you is actually different. do you think we would see the same type of corporate response were china to invade taiwan? do you think american corporations would solidify against doing business with china? rachel: great question? well, first of all, i want to applaud american corporations for doing the patriotic thing in boycotting russia. look, this is a tyrant and
the west ham forward and former captain of the ukrainian national soccer team has been granted compassionate leave from the club since russia s invasion of ukraine. that was an incredible moment to see. in the meantime gas prices rising here in the united states, but where do they really fall in historical terms. harry, there s no question prices are going up. people see it. they feel it. they see it and they feel it because it s happening. a year ago which were only at $2.85, a month ago $3.49. this was rising even before the russian invasion of ukraine. last sunday, $4.01. saturday and sunday $4.33. there may perhaps be some stabilizing going on over the last few days. $4.33 is significantly higher than it was, say, last week and
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