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Upward pressure on prices. >> what's he waiting for on the gas tax? >> part of the challenge with the gas tax is that it funds the roads. we just did a big infrastructure bill to fund the roads. if we remove the gas tax that takes away the funding just passed by congress to be able to do that. that's one of the challenges, but i'm not saying that's off the table. that is, as prices continue to rise, it's certainly something the administration is considering, just like i know governors across the country are considering that. >> when people are watching, they're saying, okay, this is the presid...

Charges. it's unclear when are the justice department will pursue that. >> zach cohen, thanks for joining us, terrific reporting by you and our colleagues. >> zach, thank you. so, i know that you are very aware of how painful it is to buy just about anything these days, here in the u.s. everything feels like it's gone up. that is particularly painful for you if you're trying to buy a home, right? mortgage rates stayed low during the pandemic. recent action by the federal reserve to control inflation is what's pushing those rates higher. and now, rates for a 30-year mortgage, at 5% for the fi...

National average reached an all-time high of $4.17 according to aaa. vanessa yurkevich with another perspective on this, live with more on the new jersey turnpike. vanessa, what are you hearing there about what we've been discussing here so far? the real impact of this new ban, the real impact of high gas prices already. >> reporter: americans woke up this morning, kate, to record high gas prices. we saw a 10 cent jump overnight up to $4.17 a gallon, right behind me, 10 cents more, $4.27 a gallon. a ten cent jump is a lot for a month and we saw this just in 24 hours and we saw a 55 cent jump i...

Seen taken against civilians in kharkiv. the area where he was one of the senior commanders. anderson. >> appreciate it. victor, the war goes on. looks like it may be a busy night here. >> all right. thank you. president biden, today, announced his administration's latest tactic to make putin pay for invading ukraine. ban on energy imports to the u.s. from russia. >> americans are seeing record prices already at the pump. crude oil from russia makes up only about 3% of the u.s. supply. cnn is at a gas station in new jersey. what are you seeing there? >> reporter: drivers here are shocked by ...

The other thing is the rise in gas prices. the u.s. is certainly very nervous about that. >> all right, mj, thank you very much. the ban on russian oil comes as u.s. gas prices hit a record high. cnn business and politics correspondent vanessa is working this part of the story for us. vanessa, are the drivers you've spent on to prepared for the prices to get a whole lot worse? >> reporter: well, some analysts are suggesting that we could see $5 gallon gas in the next month or so. but $4.17. that is the record today. you see behind me, $4.27 a gallon. here in new jersey, prices are rising fast....