more resources for rescue and i recovery. eric? eric: rising gas prices are showing no signs of going down in some spots. they ve hit a new record, we re told, in the past 11 days, 11 days in a row. experts say we should brace for more pain at the pump. marian rafferty live at a gas station in los angeles where i guess those numbers are some of the highest in the country. reporter: they re actually quite shocking, eric. the nationwide average though is around $4.59 a gallon according to aaa. here in california the average for the state is about $6.06 a gallon, so much higher. and right here wherer i want to show you this been where we are, it really is crazy, $6.599 a gallon, and that is for regular. if you need diesel, take a look at that, it s almost $7 a gallon. think about all those truck that are making deliveries all over the country right now, how expensive it must be for them, and with the holiday weekend
jon: of gas prices reach a new high heading into the busiest travel weeks of the air. aaa report $4.59 as a national average today for a gallon of regular. experts say there is no end in sight. frustrated drivers are calling for the biden administration to map out a solution. marianne. first jon, people would love solutions right now but everybody has got to drive pretty much in for dollar 59-cent average for the nation, status of 10 cents just since monday. here in california, but is a lot higher $6.6 a gallon on average. here we are in the middle of l.a., look at the $6.59 a gallon for regular procure some of you drive a diesel powered vehicle it is up to $7 a gallon right
in just minutes will land in south korea and the present six day asian swing intended to highlight trade and global economy as well as sending a message to china to stay out of taiwan. the president preparing for the trip tweeting i m on my way to the republic of korea and japan and my first trip to asia as president. i look forward to strengthening alliances and deepening economic alliances and help shape the rules of the road for the 21st century. but as you guys mention, the president s trip overshadowed by the mountain crises he leaves here behind. the record inflation and baby formula shortage but the soaring gas prices front and center, as you mentioned, look at this just released a new daily record high $4.59 for a gallon of gas and that is up 1 cent from yesterday. and thursday to pass the kratz bill with price gouging on gasoline. yet members of the president s
in south korea. president biden will tour a samsung facility. president biden said i m on my first trip to asia as president to strengthen alliances and partnerships and working with fellow democracy to shape the rules of the road for the 21st century. the president lands as soaring gas prices hit a new daily record high. new numbers released $4.59 for gallon of regular gas, that is up 1 cent from yesterday. the house voted thursday to prevent price gouging. members want to place the blame on russia. you can think the activity of vladamir putin for invading
tenth day in a row yesterday. this is not getting any better with a war going on. the national average for a gallon of regular is now $4.59. let s bring in former treasury official and morning joe economic analyst steve rattner. also with us, co-founder of axios, mike allen. steve, so there are a lot of people who made a ton of money off of the stock market during covid. we told those stories for a year and a half. but it seems now that a lot of those gains are being given back. the stock market off to the worst start since 1940. what are some of the headwinds it s facing? joe, it s facing probably at least three different headwinds. inflation, as you pointed out, is affecting the economy, but inflation is also forcing the fed to raise interest rates. higher interest rats are tenmy