it just fits. bath fitter. call now or visit bathfitter.com to book your free consultation. a possible russian invasion in ukraine while it could have a real impact on the economy. high gas prices becoming much higher. right now the u.s. is averaging $3.49 a gallon. that s up 18 cents a gallon since last month. matt, we re already seeing the potential impact of this. oil just hit its highest price since 2014. that s right. american consumers could be caught in the middle of this potential conflict. that s because russia is an energy super power. the number two producer of oil in the world. it produces more oil than iraq and canada combined. jpmorgan warned any disruption
big disconnect with the way the ukraine is discussing and what we re hearing out of the pentagon. this is all no surprise that is having a big impact on gas prices, which are higher for 33 straight days, which is punishing to the u.s. economy and to consumers. national average for gas is at a seven-year here, $3.49. some places around $5 in the u.s. up almost a dollar from a year ago when you look at year-to-year numbers. let s bring in karl rove, fox news contributor. great to have you with us. as we get started, karl, i d like a big picture take from you as someone that worked closely with the president in the white house and how you see this is being discussed from the white house at this point with regard to ukraine and russia. this is an unusual situation.
the west ham forward and former captain of the ukrainian national soccer team has been granted compassionate leave from the club since russia s invasion of ukraine. that was an incredible moment to see. in the meantime gas prices rising here in the united states, but where do they really fall in historical terms. harry, there s no question prices are going up. people see it. they feel it. they see it and they feel it because it s happening. a year ago which were only at $2.85, a month ago $3.49. this was rising even before the russian invasion of ukraine. last sunday, $4.01. saturday and sunday $4.33. there may perhaps be some stabilizing going on over the last few days. $4.33 is significantly higher than it was, say, last week and
influencers who was briefed by the white house this week. why is gas so expensive and why is the united states inflation rate at four time decades high? i had the opportunity to ask the white house why gas down the street is $7 and here s what they said. russia is one of the top three producers of oil and it is actually their number one revenue source. now, with putin starting this horrific fight between ukraine and russia, nobody wants to work with him to do international trade. this is the trend line a year ago gas 2.86. a month by 3.49. a week ago 4.17. it is a problem and it is being baked into the president s midterm warm-up speech. because of the pandemic, we had significant eruption disruption in the supply chain. the seconds big reason for inflation is vladimir putin. a big part of that reason is putin began amassing troops along the border and then
why did you decide to rebrand the rise in gas prices as the hashtag putin price hike. press sect. psaki: it is leading to volatility and increase in prices, hence you have putin gas price pump. carley: here is what peep hel to say about the soaring gas prices and inflation. i was paying $3.49, and it is almost up to $5. it cost $55 to fill it up. i hope it gets better. you can run, but you can t hide from inflation. carley: pain at the pump wasn t bad enough, look out for gas thieves across the country. for premium in trucks, for my fiance, it cost $125. carley: that guy said it best, curun, you can t hide from infl inflation. how do we fix it?