[bacon sizzles] [electronic music plays] woo! janet yellen is on capitol hill right now, fielding questions in a senate hearing about the biden administration s response to soaring inflation. and the price of gas is one place people are feeling it in a very big way. the national average for regular gas hit another record high of $4.92 a gallon. cnn s matt egan is here and watching this hearing. what has she been saying?
gasoline, $4.92 a gallon. that s up 5 cents to nearly $4.92 a gallon. the white house says they understand why people are so upset and taking action to address higher prices. some democrats think the administration could be doing a lot more. we re hearing from ro khanna of california. you can t say that we can solve the price at the pump. we need more urgency and action in feeling pain in people. the president had an event and waiting to see if he was going to say anything more about the on going debate when it comes to gun control legislation. earlier today the president had a chance to meet with chris murphy to talk about. there s been this legislative package building on capitol hill. it s not a done deal yet according to the white house. we re hearing from someone that is very passionate on this issue
a 60% increase year over year. $4.92 average is still below what many folks are paying in cities and states across the country. more than housing, groceries, more than clothes. some tell us fuel is the biggest obstacle right now for their budget. the most troubling number at gas stations this morning may not be the soaring per gallon rates starting with $5 or $6. but the reduced amount of fuel going into cars, sometimes just a few dollars worth. i just put $5 to get there and back. reporter: that s all some drivers can pay for. i can t even fill up my whole car. you think we re going to get to $6 before too long? we re going to get to $6 by probably next month. reporter: even with housing costs through the roof and groceries up pretty much across the board, the 60% jump in one year may hit families the hrdest. reporter: what s number one on your list? gas. it used to be cheap. now it s not. reporter: for a larger
killing the people who are supposed to be democrat supporters. working people, low income people. they are suffering mightily from what is going on right now. did you see today? the average price for a gallon of regular gas across the united states has now reached what is it 4.92, up another nickel overnight. ainsley: 4.91 we had it last. 4.91. i will take 4.91. it doesn t matter. now look at a map of the united states and see where the $5 handle now applies. it s 13 states plus the district of columbia. already at $5. california you are well into $6.30. so that is an inflationary spiral that hurts working people. and president is digressing or trying to to claim some robust economic recovery and ignoring the inflation problem we have got. it s a serious problem. ainsley: everyone is curious. is elon musk going to buy twitter? what s the latest news? well, look, there is a lot of maneuvering, he has threatened
i know you re not bigoted topography, brian, but they are small hills known as mountains of new jersey. folks are enthusiastic about them and about going to the polls today. it has been invigorating to be here. what wonderful people down here in ocean county. they are all enthusiastic about going to the polls and 1 of 7 states. give mississippi, montana, california, iowa, south dakota, and one more i can remember. new mexico. and new jersey are going to the pulse of. and there is a mix, i am looking over my shoulder and out gas prices and bright they are a gas station for $4.92. yes, everyone is core issues they are talking about whether it s faith or family, education, those things. its brass tacks quality of life stuff. how much is going to cost me forget to letter a to b? do i feed my family make other life choices?