neil: of course, this is not an immediate phenomena. lydia hu on how this is sorting out on the energy front. nothing is stopping them. lydia? yeah, they re even surging overnight, neil. the national average price spiking 5 cents per gallon. now reached a national average price of $4.67 for just a gallon of regular gas. it s much higher in some places. the gas station where we are in rockland county, new york, you can see behind me, $5.19 per gallon. the stay with the highest avenue price is california. clocking in due to circumstance 7.19. 1 station in los angeles is charging $8 for a gallon of gas. $140 to fill up my van. that s [bleep] crazy. we re from florida. we re here on vacation. i printed it out and posted it
is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it s like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is the planning effect from fidelity. . the price we pay for gas, groceries and other items keep rising with little relief in sight. gas prices today are at a new high, aaa says the national average for regular is now $4.67 a gallon. that s 5 cents higher than yesterday and $1.60 higher than a year ago. the cost of milk, eggs, other food items, also up. in that case, more than 9% from this time last year.
. the pinch on your pocketback stings a little more today. aaa says national average for gasoline hit a record high, 4.67 a i don t know if. you see prices jumped a nickel since yesterday. they re up 48 cents just over the last month. treasury secretary janet yellin addressing a stunning admission. she said she was wrong when she said last year inflation would not be a long-term threat. i think i was wrong there about the fact that inflation would take. as i mentioned there is a bit of unanticipated and long shots to the economy that boosted energy and food prices and supplied bottlenecks that is effective that i know at the time didn t fully understand. and inflation looms large for
the case in 2008. that distinction is important. thank you very much, i always appreciate speaking with you. part of the reason the savings rate has dropped of course is that people are spending more, they are resorting to going to savings because the costs are surging. the average price of gas is something that americans are confronted with everything all day. and it jumped 5 cents to hit another record high of $4.67 per gallon, that is nationwide, god forbid you live in california, it has the white house worried, according to politico, the chief of staff checks the price of gas every single day. this is so visible to everybody because they see gas stations and they see the price in their face. the lead strategist on the 1992 presidential campaign, here we are, gas prices confronting americans every single day, people are paying twice as much to fill up their tanks as they were a year ago. if you are advising the white
ainsley: everything in the grocery store going up to. chicken up 70%, pork and beef up 20%. steve: absolutely. you point earlier inflation at 6.4%. the highest since 19 will. that s going to put more pressure on the federal reserve to raise your interest rates and here s the practical problem. if you are thinking about buying a house, the yesterday the mortgage for a 30 year fixed was 4.67%. it s close to 5%. that factors in so much extra stuff because of inflation. and are you blaming vladimir putin? or your house payment now being close 5% if you taking out a 30 year fixed? i don t think so. brian: the wall street journal abc poll from last week 6% of the country blamed vladimir putin. 34% blamed president biden. second spot was covid-19. i would imagine that s supply chain issues. american people aren t looking for watching the press conference and saying now i get