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Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20220316 14:43:15
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Transcripts for FOXNEWS FOX Friends First 20220317 09:43:45
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market and being analyzed and meantime there is even more pain at the pump. the national average for a gallon of gas is $3.62. nine cents jump from just last week. bill: u.s. and allies increasing sanctions against russia targeting the central bank after the invasion. there is a giant loophole. the measures avoid russia s oil and natural gas industries whose bigger customers include the u.s. and much of europe. that money keeps flowing into moscow. we asked jen psaki about this exception. we are not going to be making any policy from the u.s. government that would prohibit the sale or purchase of russian gas because it we haven t ruled out that. bill: with us now republican senator tom cotton of arkansas member of the senate armed services committee. good to see you, sir. after all this time you ll be in the chamber tonight for the
is tough. you talk about the regs, it could be 4, 5 decades since we built a really good refinery in this country, that costs money. crude oil itself, and how about this, taxes. why is gas more expensive in california than let s say north dakota. taxes, taxes, taxes, state, local taxes, right now $0.57 on average what people $0.57 on average is state and local taxes. so a lot of moving parts here. for president biden to put that out. this is the president putting out a tweet about just that, saying oil prices are decreasing, gas prices should too. last time oil was $96 a barrel, gas was 3.62 a gallon. now it s 4.31. oil and gas companies shouldn t
a month ago, 3.46. a week ago, 3.62 and today $4.17. in the last-during the first week of the invasion, according to area deany research, gas jumped 41 cents. and they are now estimating that given the jump in gas, the average family, watching right now. will pay $2,000 a year more just in gas prices and $1,000 more given inflation with groceries. in other words, $3,000 is coming out of your possibility every year because of the high prices. and that is going to that s going to ripple across the country as people are waking up and going, ficialtion the problem with that people are cutting back on driving, they are watching their spending.
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