having a constitutional monarchy. the pinnacle is an institution and a person in her majesty the queen who everybody looks up to and brings everybody together. martha: he had a lot of interesting things to say. more on that later and his take on u.s. leadership and 100 days of war in ukraine. but first, back at home, president biden today hammering a singular message directing americans to blame not him but another president for the soaring food prices and fuel prices in the u.s. both of these challenges have been directly exacerbated by putin s war in ukraine, this is the putin price hike. if food and gas prices will be elevated i d by putin s price hike, one things we can make better for families is by helping them save on other basic items that families need on a monthly basis. martha: so since president biden took office, gas has increased $2.33, up 99% during that period. kelly o grady live in los angeles. hi, kelly. hi, martha. yeah, you play that sound bite. it
susan, the price has moved higher. it includes what we ve seen in the impact of the war in ukraine. but there s a lot of us saying no, $1.40 doesn t account for the war in ukraine. how much of it is attributing to putin here? look at the stockpiles and the spr relief. we re looking at 180 million barrels that the government is trying to supply and liquidate the markets here. it s not really helping the prices. you ve been to the pumps. we re talking $5 around the corner. $7 in reality. by the way, for every penny increase when it comes to gas prices, that s a billion dollars less when it comes to consumer spending. think about the u.s. economy when it s 70% driven by the consumer. so i think supply is tight. prices have been going up. even with the supply release and the fpr, that s not helping bring down prices nor the
obviously as he says, can weather the storm was protecting something so dire what do you say? i say this would be a lot of americans out there who came out of the pandemic saved some money, they took inflation on the chin, right? they wanted to have experiences trouble with their family and of course they re going to continue to put food on the table until their car with gas to get from point a to point b. there s going to be a tipping point, right? or people just can t do it anymore. may be sometime this summer when gas prices reach their highest point seasonally, right? we haven t seen that yet. harris: wait a second let me cut in for a second president promised when he did this in november and when he just did this was releasing oil reserves of this is way to make a difference. now with press how much he guessed $0.35. i don t like that word gas because why wouldn t he know? so what are the numbers going to look like potentially if he is so wrong the summer? are still over $4