Transcripts for CNN Inside Politics With John King 20220331

Transcripts for CNN Inside Politics With John King 20220331 16:41:00

of oil goes down, it's not reflected to the consumer as quickly. so they're trying to do something to push that price down even further. >> things are better today. still high prices but better today than they were just a week or so ago. the national gas average right now, the current average $4.23 a gallon. a year ago, $2.87. but it's down 10 cents, down a dime a gallon from just not that long ago. even yesterday once the white house signaled it was going to do this, oil futures went down. it has an immediate effect. >> it does. and it is a lot of signal sending. you are exactly right about what we're hearing from the white house and democrats about oil companies not necessarily passing on their savings to consumers. our colleague rene marsh did an amazing piece saying just that. but that doesn't change the political reality for the white house. for democrats who are on the ballot, who are incredibly concerned about the fact that, yes, the president is understandably putting so much

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