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Transcripts for MSNBC MSNBC Reports 20220222 14:31:00

companies are reluctant to pump more because they want stability after prices collapsed two years ago. the pressure is on not only on u.s. oil producers but worldwide. saudi arabia has said they will not pump more oil than what opec has already agreed to. so next time you re pumping more and paying more at the gas pump, you can thank what s happening in ukraine and in russia for the price increase that you re paying here. so, tom, how bad could it get? that s the bottom line people want to know. reporter: the expectation is if we go over i think it s $4.15, $4.20 a gallon nationally, that would be an automatic-time record. we could move over that, could move the $6 a guilty lon out in california. but you know what, chris, if this continues to spiral out of control, nobody wants that, but if it does, all bets are off in terms of how high gas prices could go, how much higher your home heating bill could go as well. it s already up 56% from a year ago. tom costello, i m layering

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