This morning just one penny away, the national price the national average for a gallon of gas $4.99 a gallon. alexandra field live in new jersey. very close to $5 which is a serious mental barrier. reporter: we will be talk about this all summer long because all the predictions are it is just going to get worse. the average price crept up a penny overnight nearly two pennies but those pennies are adding up so quickly. consider the fact that a week ago we were at an average of i-4.76 a month ago it was $4.37 and a year ago $3.07 in knowledge they re selling gas for $5.09, ten cents over the national average and that s what people are dealing with already, some 20 states already sell fuel on average for more than $5 a
California is the most expensive to buy gas. average to fill up a tank, 6.39 per gallon. the latest national average, 4.95, that s up from overnight to what we have seen the last few hours. the cheapest place to buy gas, great state of georgia, gas at 4.37 a gallon. today the treasury secretary is back on capitol hill, this time testifying before the house weighs and means committee. lawmakers demanding to know why the administration was not more prepared for the risk of surging inflation. today yellen fired right back. 8% inflation is an unacceptable inflation rate in the united states and it s president biden s number one objective to get that down. recent economic data and polling shows this is an issue that is likely not going to go away any time soon. the latest survey from the wall street journal finding 83% of people believe the state of the economy is either poor or not so good, and republicans say only
Going to struggle to do anything about this and add in mostly what it is doing it is cutting back you energy supplies and adding regulations to make companies pull back. that is the exact opposite what you need to be doing to help yourself politically and economically. so to the point of energy supplies play a little back and forth secretary yellen and gets to domestic production. did consider the substantial risk that is actually now materialized that overregulation of the fossil energy sector ending keystone blocking on federal lands. con strange supply of energy has actually undermined stability historic inflation and $4.37 a gallon gas? i think we owe that to the failure of our domestic industry to ramp up production to. i don t think that s what they say. i think they say they can t get approval. there is a lot of back and
Priority. joe biden blames the pandemic and russia s war in ukraine for the economic trouble, and says he understands the frustrations families are facing. take a listen. i know the families all across america are hurting because of inflation. i understand what it feels like. i come from family where when the price of gas or food went up, we felt it, it was a discussion at the kitchen table. cost of gasoline has been going up, fresh new high nationally on tuesday. pete. reporter: gas experts are calling it a crisis from california to ohio where in the span of one day, gallon of regular at marathon jumped 24 cents. paying more than the national average, $4.37 according to aaa. crushed previous record of $4.33