saudi arabia. i was able to bring gasoline down well over $1.60, but it s inching up because of what the russians and saudis just did. i m not finished with that yet. the white house insists that the president s visit earlier this year to saudi arabia wasn t a waste of time. his fellow democrats say the kingdom needs to be held to account. i question whether or not they are allies and whether or not we should be trusting them when it comes to critical decisions. for them not to ease when we have an energy crisis, for them to play the united states while they are making over $100 million, a 73% margin on this, it is outrageous, it is ungrateful and there need to be consequences. margaret, the president went to saudi arabia and took a lot of heat for it and did it because he knew he needed to do something to at least try to bring down oil prices, but now it s really just come back to
rachel: you guys just did a whole thing on being yourself, i waved. pete: i thought you were rachel: i need permission from pete to wave my four. [laughter] we re all going to be ourselves today. will: four hour, two or three words. here is your present president, joe biden, telling you, listen to me. just two words. let me start off with two words, made in america. [cheers and applause] made in america. that s not hyperbole, i m not joking about that, as you know. i was able to bring gasoline down well over $1.60, but it s inching up because of what the russians and the saudis just did. i m not finished with that yet. will: made in america, just two words. [laughter] rachel: and he says he brought prices down, which is interesting after watching your
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is $1.60 that s over $1.60 tax, putin tax, on the american pu public. little comfort that it s higher for families in canada or europe and it s why the president as you said has already committed to releasing 180 barrels from the strategic petroleum reserve, which is actually a million a day that is still going on in addition he has asked other countries, he s asked oil companies who are still sitting on 9,000 leases who have $35 billion in profits to do more of what they can do. he has, as you know, allowed e-15 gas over the summer to put more downward pressure. but, look, there is no question our families are taking a hit from this unthinkable aggression in russia and we need to have everything on the table, not just bringing gas prices down, but why don t we do more things?
snapshot of a shrinking buck, consider this. in the chicago area, a year ago you could fill up a 15-gallon tank for $51.60. a month ago, that would get you less than three quarters of a tank. and today the same amount fills just over half a tank. gas station owners say they are at the mercy of oil company pricing and struggling too. if i sell for more money a than the competitor, then my volume is going to suffer. and i ll have less customers. reporter: while the reason for higher gas prices is varied, the big five oil companies have seen profits skyrocket in the face of consumer hardship. rising some 300% in the first quarter of 2022. there s only so much that congress can actually do to impact gas prices. congress right now is considering some tax relief. the president already announced a million barrels per day to be