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Also continuing notably to pay their stuff in russia. they say there's a major economic impact that they are able to withstand and support so to speak. >> you're at a gas station, too. i know you're watching that. markets are closing, i don't want to say flat, but not a huge swing like yesterday. >> yeah. so what we're seeing in terms of the markets is the big announcement from the white house by president biden in terms of banning russia oil imports. it's having a very small effect on the markets, but you can see here, 5.89 for a gallon of regular right now. above the national average of $4.1...

Now to the story on the minds of millions of you out there, the high gas prices. prices at record highs after president biden announced a ban on russian oil imports last week. but there is a sliver of good news. joining me now in santa clara, california, nbc news correspondent scott cohn. let's focus on the good, my friend. what is it? >> reporter: well, the good, alex, and this is all really, really relative, is that prices are starting to level off and in some parts of the country come down. if you think you have it bad where you are, come out here to san jose where the price of regular this...

"businessweek" where he covered wall street and international finance, jo, talk to me about gas prices. >> reporter: $5.89 a gallon and continuing to grow across the board. you know the record number by now is $4.17 nationwide and we've been talking to drivers all across los angeles to get their sense what it does to the pocketbook, to the budget, and we see support even though it turts every day especially when you take into account inflation at 40 year highs. quinnipiac put out a poll saying 71% will support a ban even if it means higher gas prices. this is what some drivers told us yesterda...

Concerns. arguably, nowhere is the situation more dire than in the state of california, where fuel prices are among the highest in the country, averaging more than $5.70 a gallon, which is steep even for californians who are used to paying higher prices for gas. that's where we find nbc's scott cohn outside a gas station in san jose where the price of a gallon is almost $6 a gallon there. scott, there are some oil industry experts who are saying that prices have reached a peak at this point. what have you been hearing from the everyday americans this is impacting the most there in california? ...

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