the current price for an average gallon of gasoline is 4.12 a gallon, a week it was it was 4.07 and a month ago it was higher, 4.24 and a year ago 2.88 a gallon. kristin, what s the political impact of these prices at the pump? i mean, there s always a political impact when when people are hurting and their pocketbooks are hurting. people need to acknowledge that. it is a real problem in this country right now. the issue is there s only certain things that we can do in a global economy. there s only so much we can do on our own. the congress should move forward with the conference to start addressing some of these things, yes, it s certainly challenging and certainly something that we as democrats need to be talking about head intoed the midterms. mike: it s not just the gas station but also the grocery store. let s put on the screen some of the price surges on various
bottomed out last week at $4.07 gallon. a drop in oil prices and unprecedented release of oil from emergency stockpiles fuelled the drop. but uncertainty about russia oil supply and war in ukraine help send the national average up to 4.10 a gallon tuesday. president biden addressed inflation and stop in new hampshire on tuesday. putin s invasion of ukraine has driven up gas prices and food prices all over the world. two major bread baskets of wheat and the world, ukraine and russia. united states is number three. and canada number four. we saw the most recent inflation data. last month about 70% of the increase inflation was consequence of putin s price hike. because the impact on gas and energy prices. i m doing everything i can to bring down the price to address his price hike. that s why i authorized the
of the commission already visited over the past few weeks but it does reaffirm the message that the european nations are behind ukraine. shah michelle represents the european council. he s the one that sits down with all those heads of the european union nations so he confers with them. he tries to draw consensus. he s the one that really negotiates at the very, very top table. so his conversations with president zelenskyy are important for both the e.u. and for ukraine. nic in brussels, thank you. we ll watch that visit as it unfolds. the war in ukraine and uncertainty about oil supplies is pushing gas prices in the u.s. back up. a regular gallon of gas averages $4.10. aaa says a steady decline bottomed out at $4.07 a gallon. lower oil prices and the
los angeles. hey. millions of americans are hitting the road or the skies today for the holiday weekend. it s a welcome relief after several years people had to be stuck at home during the pandemic, but health officials say we need to be on the lookout for covid making a comeback. a lot of vacationers telling us they are taking precautions for covid, but this can no longer stop them from traveling. this morning, americans are back on the move with millions getting ready for the easter and passover holiday weekend. i m very excited. reporter: and despite record high gas prices, many holiday makers are still hitting the road. a year ago, americans were paying an average of $2.86 per gallon. now the average, $4.07. but nothing seems to be stopping families from getting away. this is our first family vacation in, like, three years. reporter: aaa, seeing a more than 200% increase in bookings
a week ago, 4.15. a month ago, 4.32. a year ago, 2.86. so, just, you know, way up from a year ago. jen psaki also said that the white house expects inflation to come down this year. the white house is citing outside economists for that, but they ve also blamed inflation on russia s war on ukraine and the president himself said this week that 70% of the march cpi increase was from energy spikes, but we ve had biden s own chairman of the joint chiefs telling members of congress that this war could go on for years. how does the white house project or as an economist project inflation is going to come down this year if they re also claiming that russia s war on ukraine is the cause and there s no timeline for that? the challenge of an economist, if you put 10 of them in a room, you probably get 20 different opinions. [laughter] but the reality is that this inflationary environment