high. in an op-ed outlining his plan to tackle inflation, the president still pointing fingers saying, quote: the global economy faces serious challenges. the exsasser per rate offed by vladimir putin s in ukraine. host of fox business stuart varney. the average in california $6.15 a gallon. yes. can we get something real clear right up front here the president s inflation plan will not bring inflation down now or at any point in the future. in fact, his plan could make things worse. now, this plan arrives in an editorial to n. today wanted wall street journal. arrives just as, as you were saying, gas hits yet another record high. you are now up to a national average of 4.62. unthinkable just a couple years ago. it s there now. 6.62 now, as you said in california, it s 6:15. there are five states in the western part of the united
what he should probably do is focus like a laser on something like supply chain thing, which is actually a more concrete logistical problem which would help with inflation and also look like he s doing something. but you know, there was this amazing piece that nbc reported today where joe biden is basically like eeyore. and karen, as americans drive back from the holiday weekend today, the national average price for a gallon of gas, $4.62. that s up 44 cents from a month ago, up $1.57 from last year at this time. take a look at this sticker of biden on a gas pump in rural pennsylvania over the weekend. shot by one of our senior producers. what does it say, i did that? pointing to the gas prices. that s in swing state pennsylvania. you heard catherine rampell talk about earlier there are things he could do, but they might be
of gas. it is continuing to climb, hitting another record high today. nationwide, the average for a gallon of gas is $4.62, putting a real squeeze on millions of americans, continuing to put a squeeze on them, especially commuting to and from work. gabe cohen is live in washington with a look at this. what are you finding? kate, it s a hot labor market, so some workers are seeing the gas prices rise and they re asking for stipends or trying switch to remote jobs. not every employee has that obviously. for the workers commuting again, the new gas price, $4.62 a gallon, is up $1.58 in the past year. in some places, it is far worse than that. there are several stations in california where the price is higher than the federal minimum wage. with oil prices rising again this morning, gas prices are expected to follow.
intent. griff, thank you. sandra: here we go, another record today. president biden s gas price crisis spiralling out of control. national average reaching a record high of 4.62 cents a gallon. all of this despite the white house emergency oil release of a million barrels a day, and more, that s not the first time. let s bring in fox business correspondent, we thank you the white house for joining us, people want to know the plan. unfortunately, not a clear-cut answer to how they are going to solve this inflation crisis. starting with gas prices. still record highs despite this emergency release. what is going on here? essentially not enough supply out there, and that s the problem you would have to attack if you wanted to fix what s happening at the pump and the bad news, sandra, at 4.62, national average for regular, we are five weeks out of 4th of july, the peak of the summer driving season. and i only anticipate the price will continue to climb until then. and let me add one mo
gas prices hit another record high today, averaging $4.62 a gallon nationwide. but look at this station in downtown los angeles: well, it s over $8 a gallon. cbs carter evans now on the impact this is having on small businesses. reporter: across america, main streets are boarding up. this was a bike shop. for a number of years. reporter: in pasadena, california, cameron s seafood was here for 40 years. what s it like now when you look and see all the weeds growing here? well, it s kind of sad. reporter: paul little is chamber of commerce president for the city where empty storefronts are a sign of the times down this part of historic route 66. the pandemic hammered everybody. we all got to a point where we thought, well, at least we can get back to some measure of normal. but it s even more challenging now. inflation has really presented another challenge to businesses. reporter: how much more can they take? well, exactly. where is that tipping point when they finally