the wrong way, up, $3.74, down from the all-time high of $5 in june, as president biden continues to slam oil and gas companies ordering them to lower gas prices while boasting about prices that simply do not exist. president biden: some states it is $3, [inaudible] have to do with refining capacity we will deal with that, as well. griff: problem with that, it is not below $3 in any state, even mississippi, state with lowest gas prices, you see here $3.07, and americans like louisiana parents are feeling the pain. we definitely are more cognizant of any extra spending or whether it be groceries or high gas prices. griff: this as democrat joe
call for today. politics, quite complicated. the economic interest, thank you. let s bring it in the room. cnn s nia-malika henderson and lauren fox. before we get into the politic, put the numbers out there. a year ago gas averaged $3.07 a gallon. a week ago it was above $5. that s your national average. what does it mean when you pull into the gas station and fill up? a year ago it cost you $46. now it costs you $74. so the president wants to say let s give people a break for three months. already you hear even in his own party, republicans are going to say no. i talked to senator durbin about this very issue. and he said i m supportive of the idea, but we have to be, and i thought this was interesting, honest about what the effects
a week ago it was 5.01. a little bit down. a month ago 4.59. a year ago 3.07. it s jumped exponentially. when you hear the president for leases on oil companies. i m going to play a soundbite here where he brings up the leases that they have already. take a listen. oil and gas industry is sitting on nearly 9,000 unused but approved permits. families can t afford that companies sit on their hands. they have over 9,000 leases. 9,000. they can drill they have 9,000 leases. 9,000 leases on public land. they should be use it or lose it. bret: so it s a talking point. he says it all the time, kevin. for somebody sitting at home saying wait, what about these companies? are they just taking these profits? can the prices shoot up that fast?
and now president biden is considering a federal gas tax holiday. so, joining us now to talk about this is cnn chief business correspondent christine romans. christine, tell us what this would look like. sure. and how it would feel for us. well, let s unpack this. first of all, this is urgency at the white house. when you look at numbers, $4.97, holding steady below $5. a years ago, $3.07 for a gallon of regular. so this is something that s hurting american families every si single day. and it shows distress of public opinion polls. what is the federal government indicating? a gas tax holiday. that would suspend 18.4 cents a gallon if the white house decides to go this way. this is used to fund federal highway and infrastructures and state taxes on that as well. this is why you see gas prices all the way different across the
everything else. derek hunter saying he keeps tell you he doesn t give a damn that you can t afford gas. in addition to travel headaches, gas prices hover around $5 a gallon, average is $4.96, a month ago $4.59, and a year ago $3.07. 42 million are expected to drive over the fourth. airline prices are 14% higher, $201 the lowest ticket price on top of higher prices. ashley: something going up is price of barbecue this summer. cheryl: latest victims of biden inflation, summer barbecue, hot dogs up 37%, chicken up 27%, ground beef up