Page 2 - 84 22 News Today

Months could get the reserve down to level it doesnt mean anything. it is hard administration taking no blame for what is going on, i would like to congratulate the president, he is now the first president to have to tap this reserve, not once, but twice in less than a years time. >> todd: national gas price average is $4.22 per gallon according to triple a. >> ashley: homes destroyed after a tornado ravages the south, in mississippi, louisiana, tennessee, alabama and florida. >> todd: 150,000 h...

Are doing and appreciate you providing an update. thank you very much. >> thank you. >> our best to you. drivers meanwhile still facing sticker shock as gas prices hover at their highest level in more than a decade. national average is now $4.22 a gallon. the average. only down a penny from just last week. thats a whopping $1.35 increase from where prices were just a year ago. a recent poll shows nearly half of americans are significantly worried about high energy prices. the biden administratio...

Take a look. >> the problem with gas prices have two roots. the pandemic. when covid truck, demand for oil plummeted so production slowed down worldwide. because of the strength and speed of our recovery, the demand for oil shot back up much faster than the supply. thats why the cost of gas began to rise last year. the second route is vladimir putin. the start of this year, gas was about $3.30 per gallon. today, its about averaging for $20, $4.22, as many as $5. the reason because of that is put...

In our money lead now, that unprecedented announcement to help ease gas prices. president biden says 1 million barrels of oil will be released from the u.s. oil reserves every day for the next six months. that would help fuel the u.s. oil supply into september, but will that put a dent in the near record-high prices were paying now, $4.22 a gallon, according to aaas national average today? lets bring in cnns richard quest. richard, biden did try something like this before back in november. he ha...

Pump. >> to be really clear the president does not control the price of gasoline. no president does. but what were seeing right now is this global mismatch between supply and demand. >> that was actually a throwback bite to the energy secretary. of course later on well hear from the president. he is going to say what he thinks he can do to lower the price of gas, but you heard right there jennifer granholm not something the president can do. a year ago the average price for a gallon of gas only ...

4.22, higher in many states. nearly a dollar more in less than three months. the reason for that is because of putins war, and now many people no longer buying russian oil around the world, i banned the import of russian oil here in america, republicans and democrats in congress called for it and supported it. the right thing to do. but i said at the time its going to come with a cost. as russian oil comes off the global market, supply of oil drops and prices are rising. now putins price hike is...

$4.20 or $4.22, higher in many states, nearly a dollar more in less than three months, and the reason for that is because of putins war. and now, many people no longer buying russian oil around the world, i banned the russian import of oil here in america. republicans and democrats in congress called for it and supported it. it was the right thing to do. but i said at the time, its going to come with a cost. as russian oil comes off the global market, supply of oil drops and prices are rising. n...

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 hell face stiff resistance from congress on that and those in the oil production community say that frankly a lot of those wells that arent being used are dry and they dont have access to oil. the backdrop is the urgency the white house senses given the fact that gas pr...

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, cnbcs senior economics reporter. dominic chu is cnbcs 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 overa...

A car. most people cant 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. thats 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 its...