stories in washington at this hour gas prices in the u.s. closing in on a new high, according to aaa the average price for a gallon of regular is $4.32 just one penny shy of the record set on march 11th that s up 13 cents from just a week ago. experts say the warren ukraine and the impending summer travel season are fueling that s by. a record amount of bedding in yesterday s kentucky derby, they had 200 and $74 million were wagered on derby day, which ended with the second biggest upset in the derby s 148 year history, the winner rich strike faced eight and one odds, them are just among all 20 horses. more politics nation with our now sharpton after the short break. w sharpton after the short break. break. i m so defensive, i got bongos thumping in my chest and something tells me they don t beat me he d better not take the ring from me.
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
together. presidents pay at the ballot for the high prices. 4.10 today. a month ago $4.32. this is just another effort of the biden administration trying to tackle the high gas prices, not only just for americans every day but as the mid terms grow closer and closer and closer. one thing they won t do is put sanctions on vrussian s oil. they re trying to stop it from coming in along with the amount of sanctions trying to squeeze the russian economy. issue number one for this white house has been inflation trying to tell the american people. we feel your pain on inflation. we re doing what we can on gas prices even though they don t have that many levers to pull. jasmine, nice to see you. let s get a check on cnn business this morning. asian shares have closed mixed.
making sure that the alaskan people get what we refer to as their dividend and we re going to make sure that that dividend is of substantial size that they re able to offset some of these costs. we ve seen what inflation has done in the past year. it s going to keep going up. so we re going to help our people with some of the windfall from the high oil prices. ainsley: we re looking at your gas prices up there. national average is $4.32. on thursday, today, $4.68 in alaska. last year it was $3.03. that s expensive. you re talking about possible relief checks, $1300 per person? we re talking about making sure that a permanent fund dividend is as close to a full dividend as possible which would include that $1300. somewhere in the neighborhood of $3700 per person. we ve always distributed a dividend for the past several decades based upon our oil royalty and stock market returns for our permanent fund. so we have a windfall now, we want to help our people. people are hurting not just
result of this invasion of ukraine. gas prices still skyrocketing, the national average today, 4.32 a gallon. that is up 81% since inauguration day. biden administration putting the blame on vladimir putin and his invasion, but it s been rising steadily for more than a year. former economic advisor to president ronald reagan joins us in a moment, but first madison alworth is talking to drivers in east rutherford, new jersey about how they are adjusting to these high prices. hi, madison. hi, sandra. the drivers we have been talking to, they all have had to make adjustments. we are seeing high prices, 4.32 on average, highest that americans have ever paid for gas. aaa found six in ten drivers are adjusting their driving because it s over $4, and at this point, way over $4.