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That you need. and right now, gas is being added to that list. it is not just the fact that production has been cut. it is also because of this record breaking heat that we have experienced. right now, the average for a gallon of gas is $3.75. that is 16 cents higher than last week. although, cheaper than a year ago which was at $4.23. and 20 cents higher than we were at last month. so, experts say its because of the cuts that have occurred to oil production. it is also the heat. refineries are ...

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Paycheck to paycheck. these realities pushing the federal reserve to take action again, raising interest rates by half a percentage point, the biggest hike in 22 years. >> inflation is much too high. we understand the hardship it is causing. >> reporter: the feds goal, slow down spending to bring inflation down, which is soaring at 8.5%, a 40-year high. prices spiking across the board, from rent to groceries to gas. the national average for a gallon of regular $4.23, 10 cents higher than a week ...

The electrical workers and the people and the neighbors giving each other food and getting the poles up and running to get electricity going is simply inspiring. hats off to the folks here in louisiana. john, sandra. >> sandra: ok, robert, thank you very much for telling their stories reporting from louisiana for us. absolute devastation there behind you. we will see you again soon. thank you. meanwhile, far left democrats using the war in ukraine to promote their ambitious green energy agenda s...

>> you had the fed chair admit it is not about putin. going after energy made us weaker in the process around the world and added to inflation. the thing people dont quite understand oil doesnt just go into your car. it goes into your clothing, the purchase of your phone. i paid $6.59 a gallon to fill up our car. it is every single day the price goes up while the democrats are in power. >> harris: house minority leader kevin mccarthy on yesterdays "focus" as his state, california where i am on s...

>> trace: almost two decades later they are still cleaning up after katrina. back to you as the news breaks. robert, thank you. >> dana: new analysis from the urban institute shows wages are increasing but not enough to keep up with soaring gas and rent prices hitting low and middle income families particularly hard. for more on what people can do to help ease the burden lets talk to dave ramsey. average gas prices is the thing thats hurting people. $4.23 a gallon on average. making fun of trace...

United states went along with this, as a serious escalatory move by vladimir putin, putting the united states at risk for facing very dangerous retaliatory measures. >> because suddenly youd have the jets on a u.s. air base. a lot of questions on this. cecilia, thank you so much. in the meantime, gas prices already the highest in u.s. history. the national average, ll tths n soerhilling?niro enom aan tpump. onichtth pa at the pump being felt by americans across the country.on? >> it doesnt fee...

Senators and the congressmen show the more than people and fair it out, because in business agriculture right now, theres just a few companies that control almost everything. i think its time to go hunting for some big game in had this inflationary spiral. >> gas is $4.23 a gallon and its true. it rolls up into triple digits when you look at the meter on that pump. peter baker, great to have you on with us this morning. well see you soon. still ahead on "morning joe," the house chair say when ...

You spoke with the president i know will mean a lot to you. >> yes. it will be. >> paula reed and joey reed. please, please keep us updated. really appreciate your time this afternoon. >> thank you. want to turn now to some other big stories out of washington including the presidents announcement to try to drive down the cost of gas in this country. we talked about it a minute ago, this plan to release a million barrels of oil every day from the nations strategic petroleum reserve for the next...

10 to 35 cents a gallon. $4.23 is the national average. you could get below 4 for the summer and stay there if this plan works as they want to. the administration will be releasing 1 million gallons of oil a day. thats potentially 180 million gallons. 30 million were released in march after 50 million tapped last november. there are new concerns about an energy crisis in europe. vladimir putin is doubling down to cut off natural gas supplies to companies that refuse to pay in rubles. nina dos sa...