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Thank you for joining me tonight. what are these ideas, because as president biden spoke about, as your colleagues spoke about, youre open to ideas. what are the ideas you have for the table and for the american people? >> you know, look, laura, i think the president is leveling with people and letting them know that these gas prices are global phenomenon, that they are very much caused by the unthinkable war of aggression in ukraine. you know, thats not a shift of blame. thats just a descriptio...

Pandemic that has led across the globe to supply shocks, higher prices, that have been very frustrating to families of the united states, and families across the world. and then, at a time when gas prices were $3.31 on january 17th of this year, putin moves forces and belarus and the border of ukraine, and now we are over $1 higher. these two factors, you know, again, everywhere in the major global economies has meant the frustration for many families of having higher prices. and often in countr...

Everything possible that a president can do. he has had historic supply spro, strategic petroleum release, 1 million per month going up. >> john: but that doesnt help -- >> look, as we went into january there was a lot of feelings that things would start to come down, and then on january 17th if you remember, on january 17th when russia first went to the border of belarus, gas prices were at 3.31. they have now gone up since putins aggressive and inexcuseable behavior to 4.37. so its over a doll...

Create excess demand, create higher inflation, which is exactly what happened and i think the other point is energy policies. i mean, look, the bidens have run a war on fossil fuels, and that is responsible for most of the increase in oil prices and gasoline prices at the pump. i think theres a case to be made in the last 4, 5 weeks, six weeks, but with respect to putin, but i was interested that gene sperling said as of january 17th, kind of an early date, but there was no invasion until later....

According to aaa. that could have political consequences for president biden, his larger agenda, and bianna, the oil markets seem to be pointing toward higher oil prices this year, too. >> some predictions that they could go up to $100. cnns matt egan joins us from new york. matt, u.s. consumers, as we know, are already feeling anxious with high inflation. the biden administration had been pointing to lower gas prices over the past few weeks, so what are they saying now about this sudden increas...

And has not been able to. >> john: well, you know, ive always lived by the adage underpromise and overdeliver. so thats -- >> better advice, better advice. >> john: and learn something new every day and go to bed smarter than you woke up. byron york, appreciate it. >> sandra: great words to live by. prices at the pump making matters worse for this president and his fellow democrats. bring in former reagan economist, art, feels like we were talking about this several months ago, gas prices, high ...

He totally botch this. >> the federal governments website on test is now live, i know at least one of our producers has been able to navigate that make the request so we will how quickly they sho up and certainly for those who need them most around the country we hope they get their first. >> and the report from gas budd shows the national average pric of gas has risen for the third week straight. now at $3.31 a gallon thats an increase of more than 93 cents per gallon from a year ago. gas by th...

Two month high. national gas average stands at 3.31, up nearly a dollar from last year. still lower than the peaks we saw a few months ago. experts warn drivers could start to feel the pain again by springtime. >> bill: major truck driver shortage stretching the chain. there doesnt seem to be an end in sight. the american trucking association says the industry is more than 80,000 drivers short. it could double in the years to come if the trend continues. president of the american trucking associ...

Start. u.s. national average up nearly a dollar from a year ago. 3.31 the national average, steve moore, former trump economic adviser and robert wolf, former obama economic adviser. thank you are being here. so, roll sound bite, gas buddy making this prediction about $4 starting to roll. >> most of the pain in march, april and may, we are already going up. >> sandra: more energy prices, already feeling the pain when it comes to heating our homes this winter. americans are not going to be happy ...

It was always going to be more than a band-aid than an actual game changer. while the president did announce the release of 50 billion barrels from the strategic only reserve. keep in mind thats only 12 hours of world supplies, and so oil prices did fall around 10% leading up to the presidents announcement and then they kept falling because of omicron. they have since fully recovered those losses. the hit from omicron to the oil market in terms of demand was less than expected and so weve seen g...