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$3.28. this is the effect of inflation. the "new york times" says things are up 5.4%. milk, meat, poultry and fish are up 15%. right now in america, about 10.5% of u.s. households are food insecure. that amounts to about 13.5 million people. you can see inflation is hitting hard even for those trying to help the poor. joining me now is john elliott. he's the ceo of gleaners food bank in l.a. this is a different look at
Americans are feeling, the supply chain out of whack? what is happening? what is going on here? >> you said the magic word. supply change. look at gas prices. oil closed today. 80 bucks, the global benchmark. $83. we're seeing it at the pump. $3.28 says aaa. the highest it's been for oil in seven years. no more supply coming. you see the biden administration asking opec to pump more. there is huge demand. we want to get out, we want to get around, and what happens? supply, demand, you wind up paying more. >> it's a sign of recovery. people want to be driving. there is a catch to it. >> you bet...
Ship. let's discuss with kai ryssdal, the host of public radio's marketplace. kai, thank you. i want to get to the overall picture and then talk about something specific. we've got to talk about what americans are feeling at the gas pump, supply chain completely out of whack. what's happening? >> you said the magic word, right? supply chain. look at gas prices. oil closed today above 80 bucks. the global benchmark, $83. we're seeing that at the pump. it's like $3.28. there it is on the screen. $3.28, says aaa. highest it's been for oil in seven years. there's no more supply coming. you see the...
This morning that pain you are likely feeling at the pump may feel like it's getting worse by the day. >> gas prices are up, they're now at seven-year highs. joining us is pete muntean live from a gas station in alexandria, virginia. tell us what's behind this right now. what's behind the supply crunch? >> reporter: well, jim, you know, this is really going to sting for a lot of folks who got used to low prices. gas was about $1.77 a gallon during the depths of the pandemic, $3.15 for a gallon of regular in virginia, which is actually lower than the national average now, which just hit $3.28 a...
Virus fears were spreading across the globe and a major ebola outbreak reach the united states. seven years ago, the last time we saw oil and gas prices like what you will find at your loca pump right now according to aaa the average cost of a gallon of gasoline $3.28 a gallon up from a week ago and that is up from $1.77 for a national average in april of 2020. all of this as critics are warning the proposal from the democrats democrats tax-and-spend lien could push the sky high gas prices even further. foxbusiness anchor joins us now. this is a very very real proble because you combine that w...