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This case far while now is basically going to try to tell congress they should impose penalties on companies that lease public lands right now but do not use those leases, those lands, to produce energy at this time. obviously he ll face stiff resistance from congress on that and those in the oil production community say that frankly a lot of those wells that aren t being used are dry and they don t have access to oil. the backdrop is the urgency the white house senses given the fact that gas prices right now are $4.22 a gallon, up 60 cents in the last month. i guess i m a bit are they invoking the defense production act to push oil companies to speed up exploration, or is the defense production act only being for the other energy, the clean energy stuff they re pushing? reporter: as i understand it, and i want to let the president speak for himself, but the conversations from officials, it sounds like the defense ....
Amount of supply for an historic amount of time, a six-month bridge to the fall. this morning the national average for a gallon of gas is $4.22, down 2 cents from a week ago but up 60 cents from a month ago. steve leaseman, cnbc s senior economics reporter. dominic chu is cnbc s senior markets correspondent. and stephanie ruhle is host of the 11th hour on msnbc. thanks for getting up for us. great to be here. give us your perspective on these jobs numbers and how they fit into the overall economy, steph. listen, really strong jobs number. we are on pace by the end of this year to have all of our, you know, pandemic job loss back. really positive. really good to see wage growth up. obviously, the thing hanging over all of this, though, is inflation, right. everything in our life costs more right now, and that s a continued struggle. and one of the issues where we re seeing wages go up the most is in higher-income jobs, so that doesn t help very much because it s those who are ....
A car. most people can t afford that. brian: here is the president yesterday. the problem we are facing with gas prices has two roots. first, the pandemic. when covid struck, demand for oil plummeted, so production slowed down worldwide. because of the strength and the speed of our recovery, demand for oil shot back up much faster than the supply. that s why the cost of gas began to rise last year. the second root is vladimir putin. the start of this year gas was about $3.30 a gal. today it s about averages 4.20. 4.22 it s higher in many states. more than a dollar more in less than three months. the reason for that is because of putin s war. brian: right. we re not buying that by the way, he is also vilifying the oil and gas companies. look, guys, there is nothing stopping you from producing more oil and gas. there is nothing standing in ....
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