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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 18:40:00

For the biden administration? yeah, i mean there s definitely drivers cringing as they roll up to the gas station these days. we saw the price at the pump go up to $3.13 a gallon nationally on average today, a seven-year high. it is up from $2.18 a year ago. if you are in california, illinois or washington state, you are paying a lot more. it is all about supply and demand. people are driving more, as you mentioned they re flying more, because the pandemic is, hopefully, winding down or at least it is in a better place than it was. that s a great thing. the problem though is that supply isn t keeping up. u.s. oil production is down from where it was before the crisis. opec, they re still holding back these barrels. as you mentioned, they were supposed to agree. we thought they were going to agree to add a lot more barrels that were really needed, but yesterday they failed to do that. so the white house is saying that u.s. officials, they re urging a compromise where opec would add mo ....

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