know, it s mostly the policies of the government that is increasing their gas prices, not the war. so what we re seeing is russian is selling oil. they re selling to it china, india. the oil supply has not decreased. so the war is a difficult entity to blame in this case. we also know that oil prices were already going up considerly, over $1.65 before the war happened. it s really because of the war on fossil fuel companies and that entire industry. so the price of oil has gone up about $1.70 a gallon since the war started. i don t think you can find any credible energy economist that will tell you that the war in ukraine has had no impact on the gas price. so i think we probably have a factual disagreement there. martha: supply i said. we also have a disagreement about barrels on the market. i appreciate this analysis
started moving troops, prices were actually $3.31. that was in real terms below averages over the last ten years. now, as you say, $5, $1.70 higher at the gas bumps for american families. even higher increases in european countries. the president has tried to blunt that with the strategic petroleum release but he directed a lot of what he had to say to the oil companies, particularly refining profits. now we are below capacity, while they are having record profits, $35 billion, 225% margins.
that s what they are saying. but of course that sounds like russian disinformation. sounds like something putin himself wrote, and indeed that s what it is. what s really happening according to our energy secretary is this. our oil and gas producers have a responsibility. we are on a war footing. the price of oil, the price of gas is precipitating the high costs come at high percentage of inflation around the world, and so he s asking upon our domestic and international producers to produce more. russia s invasion of ukraine has caused the price of gas in the united states to go up $1.70 a gallon since the invasion occurred. ultimately, the solutions to make us energy secure, to make the baltic states energy secure, to make the entire world energy secure is to move to clean energy. no country has ever been held hostage to access to the sun or to access to the wind.
struggling to afford gas. carley: president biden is shifting blame yet again, pinning it on oil companies. griff jenkins is live in washington. good morning. griff: good morning. who are the other 10%? ground hog day today, $5 gas. the president has a solution, blame the oil companies. he s threatening them with emergency power writing in a letter amida war that raised gasoline prices $1.70 per gallon, your companies and others have an opportunity to take immediate action to increase supply of gasoline, diesel and other refined product you are producing. white house press secretary karine jean-pierre defending the move, taking aim at those ceos. it is a patriotic duty. as we ve talked about, there is war. they have been taking advantage of the war. we are calling on them to do the
company. president threatening them with emergency powers. brian: what kind of emergency powers does the president have? are they magical? jackie is live at the white house. good morning to you guys. didn t you hear that gas is actually down a cent from yesterday? steve: holy cow! i m going to fill up. ainsley: saving big. national average for a gallon of regular over $5 a gallon causing the president to reach out to the oil companies threatening to use the defense production act, if necessary, to bring down the cost at the pump and he told these companies they re taking advantage of this crisis, this energy crisis with a large disconnect between the price of oil and the price of gas. he wrote, in part, amid a war that s raised gas prices more than $1.70 per gallon, historically high refinery profit margins are warsening that pain. your companies and others have an opportunity to take immediate actions to increase the supply of gasoline, diesel and other refined products you