climbing but that the prices of everything else is going to go up as well as fuel costs surge. we are already seeing that happen. you mentioned uber and lyft. lyft confirmed to fox business that is tacking on a temporary fuel surcharge after uber made a similar move last week. lyft didn t tell us how much that fee would be but uber says each trip will cost you $0.45 or $0.55 more. each uber eats order will go up by $0.35 or $0.45. grubhub announced its increasing pay for drivers, but didn t say whether it would pass that cost on to customers. almost too much, you know. we cannot afford it. due to covid. now at the prices being so high, it s almost impossible to do so knowing that we have to
on the table, the biden white house is now twice released from the nation s emergency supply and it s fair to point out in each previous instance there was no measurable impact on gas prices. but, big but here, they say that this time will be different. it s going to help meet the mismatch between supply and demand in the market. a million barrels a day is a significant addition to the marketplace. cade bedingfield aware at the white house talking there. the president claims the rice at the pump could probably come down anywhere between $0.10 and $0.35 a gallon eventually. but as you know, gas prices, shannon, are a major driver when it comes to inflation for american households. to that end, we also learned today that the personal consumption expenditures, pce, price index, soared to 6.4% through the 12 months through february. that is the biggest jump since
will come down. and it could come down fairly significantly. it could come down better part of anything from $0.10 to $0.35 a gallon. it s unknown at this point. i m also waiting to see whether or not our allies exactly how many, how many barrels they release from their supplies now. my guess is it could be as high, somewhere between 30 million to 50 million barrels, and the higher the number, the more likely the prices will come down. thank you all very much. appreciate it. thank you. sandra: all right, hanging on to the last feed there as he was taking some questions and he did answer a question about vladimir putin. he came back for a moment, ok. there he is.
was when the production was all-time high. the amount of oil is less than the amount of oil we are pumping, less than we were back in november of 2019. so is this the right policy? the idea that we would use the strategic petroleum reserve to buy down $0.35 on a gallon of gas is absurd. i mean, that that reserve exists to address national emergencies, times of war, and as you said in our administration, we released from the reserves when we were at full production, when we were a net exporter of energy for the first time in 70 years. and i have to tell you, as i travel around the country, i think it s incomprehensible to the american people that we are negotiating with iran to lift sanctions presumably to buy more oil, and we have sent a
i can t tell you how lucky i feel, ladies. thank you and welcome. all right kemal come to you first. let s get to the news by the president has announced he will step into the strategic oil reserves for the next six months and then attempt to lower gas prices bred by the way out throw this detail income about $0.35 is the difference this will potentially make. the last hour, while he spun the march jobs report into trying to be positive the president blames vladimir putin for the high prices we are seeing. we need to do more to get prices under control. putin s invasions of ukraine has driven up gas and food prices all over the world. nobody is buying the spirit a new fox poll show 60% of registered voters believe the biden administration is responsible for those gas prices coming up. the president also took a swipe at his predecessor on the