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Transcripts for BBCNEWS BBC News 20220215 11:07:15
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lawson above his desk. well, today we have an lawson above his desk. well, today we have an energy price crisis, record we have an energy price crisis, record prices at the pumps, inftation record prices at the pumps, inflation is back. the truth is, he is not inflation is back. the truth is, he is not niget inflation is back. the truth is, he is not nigel lawson, mr speaker, he is not nigel lawson, mr speaker, he is ted is not nigel lawson, mr speaker, he is ted heath! with an instagram account~ is ted heath! with an instagram account. labourwould is ted heath! with an instagram account. labour would be getting the economy account. labour would be getting the economy firing on all cylinders, ensuring economy firing on all cylinders, ensuring that we buy, make and sell more ensuring that we buy, make and sell more in ensuring that we buy, make and sell more in britain, scrapping business rates more in britain, scrapping business rates and more in britain, scrapp
seen taken against civilians in kharkiv. the area where he was one of the senior commanders. anderson. appreciate it. victor, the war goes on. looks like it may be a busy night here. all right. thank you. president biden, today, announced his administration s latest tactic to make putin pay for invading ukraine. ban on energy imports to the u.s. from russia. americans are seeing record prices already at the pump. crude oil from russia makes up only about 3% of the u.s. supply. cnn is at a gas station in new jersey. what are you seeing there? reporter: drivers here are shocked by today s record price of 4.17 a gallon. you can see behind me $4.27 a gallon in new jersey. drivers are surprised by how fast the prices have been
killed, men, women, and children. far from ukraine, that conflict is also having a global impact on everything from airline routes to gas prices, and the increase in prices is impossible to ignore. here s cnn s gabe cohen. reporter: carissa warren s gas tank has been nearly empty for two weeks. with record prices, she s only adding enough fuel to get to and from her job and her daughter s day care. if to fill our tarcnks we wouldn t have enough for bills. reporter: the squeeze is getting tighter after president biden bailed russian oil exports. gas could now cost families an extra $1,300 a year. we like to be able to splurge from time to time, and it s not an option now. we re considering not doing a birthday party for our daughter because you can t afford to. reporter: economists say the price hikes are the expected result of shrinking oil supply and surging demand. but while that squeezes people like carissa, oil companies are
secondhand cars prices going up and up, aren t we? secondhand cars prices going up and up, aren t we? and up, aren t we? they are already at and up, aren t we? they are already at record and up, aren t we? they are already at record prices - and up, aren t we? they are already at record prices as l and up, aren t we? they are already at record prices as a j already at record prices as a result of a spike in demand, really, a shortage of new cars on the market means that people turn to the used car market and that pushes prices up substantially. people will turn to buy the cars were of the suppliers and that will go on and we re at the point now where some new cars are almost more expensive than new. brute where some new cars are almost more expensive than new. we are almost out more expensive than new. we are almost out of more expensive than new. we are almost out of time more expensive than new. we are almost out of time and more expensive than new. we are almost out of t
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