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john: another fox news alert to kick off america reports for this thursday. biden administration cancelling a massive oil and gas lease sale in alaska and the gulf of mexico. scrapping the potential to give drivers desperately needed relief at the pump. hi, i m john roberts in washington. gillian, good to see you again. gillian: great to be with you, i m gillian turner in for sandra smith. so, america s economic woes are continuing to mount. one red flag economists are pointing to now today, april wholesale prices. up 11% from a year ago. one part of the overall inflation problem. consumer prices up 8.3% from a year ago, a slight drop from march but still hovering near a 40-year high. john: filling your tank could drain your wallet. the national average of gas prices a record high, costing 4.41 a gallon. look at where it is compared to a year ago, gillian. gillian: tremendous pressure on the biden administration. americans are skyrocketing with the cost of eve ....
Inflation. and here is what a washington post editorial said about the president today. biden s magical thinking on inflation continues while the white house looks to culprits to blame for inflation it has struggled to articulate any sort of plan. mr. biden needs to do more than blame someone else for high prices . do you agree, does the president need to do more than blame other people for inflation? i do. i think there is some corporate responsibility here, corporations are making a lot of money and need to make sure the consumers are not getting gouged. i ve been calling on the administration and anybody else who will listen to bring an immediate tax cut to the congress for us to pass. earned income tax cut, the child tax cut we had in last year advanced this, and then a general tax cut for workers and maybe small businesses to put money in their pockets. no one did anything wrong, pandemic economic collapse, war with an oil producing country ....
That invaded an agriculture powerhouse in europe with the ukraine, china messing with us at every turn, the american consumers did not do anything wrong. pass a tax cut, put money in people s pockets now and let s ride this thing out together. people are struggling, they have been for 30 or 40 years, it s time for the democrats to call for a tax cut for working people. you say the people are struggling, and certainly they are. put up on the screen the degree to which they are struggling these days. gasoline prices, 4.41 a gallon. diesel, 5.55, national average inflation at 8.3%, producer price increase up 11%. real wages against inflation down 2.6%. i mean, when you look at that, congressman, is this president generally speaking an asset for democrats or a liability? well, as i said, i m calling on the administration to encourage congress and to sign hopefully at some point a tax cut. look, it s a complicated world ....
Sort of like asking, what could black churches do about civil rights? they can do a hot. the question today maybe, what can black churches do about the financial disparity between blacks and whites? maybe they can do a lot. maybe they can step in and build an entire conversation around debt that eventually moves people into a better place. that s a great discussion to have. soledad, thank you. tonight, don t miss almighty debt tonight at 9:00 eastern only on cnn. china messing with stock markets around the world. how exactly are they doing it? why? and why does it matter to you? we ll take it up with richard quest. it s coming up next. sorry i m late fellas. ....