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>> it was real good. there are some head ones from washington. he is president biden's solutions the rising gas prices. >> the cost of gas, $3.30 a gallon, down in the single digits, one dollar plus. i don't have a near-term answer but it is going to be hard. laura: how about drilling and releasing permits for new drilling, they decided not to deliver a drilling permits, that is part of it. >> president biden doesn't have a near-term solution to any of america's challenges, he made it perfectly clear. the reality is gas prices are going up is a direct result of policies of the biden administra...

Headwinds from washington, governor. here is biden's solution to the rising gas prices. watch. >> the cost of gas, $3.30 a gallon from most places when it was in the single digits. i mean, $1 plus. i don't have a near-term answer but it is going to be hard. >> laura: governor, how about drilling and releasing permits for new drilling and land? they decided not to deliver on the drilling permits, that is part of it, is it not? >> president biden does not have a near-term solution to any challenges, he has made that clear. the reality is gas prices going up is a direct result of the policies of ...

Cheerios. the ceo says prices will rise 2% to offset the costs of transportation. you're also seeing higher prices at the gas station. the national average is well above $3.30 per gallon. this is happening as the global economy recovers from the pandemic. prices are going up because demand is surging and there isn't enough supply. our supply chain, the actual movement of products from point a to point b is under huge pressure. the raw materials that go into the stuff we buy aren't as plentiful. production slowed during the pandemic, causing a shortage, and higher prices for producers. that's j...

Continue to next year dealing with the supply chain crisis. >> and procter & gamble also. nestle, the world's biggest food and beverage company that sells everything from nescafe, gerber baby food and cheerios will see rising costs. the national average for a gallon of gas well above $3.30 a gallon. as the economy recovers from the pandemic. prices are going up, there isn't enough supply. our supply chain is under huge pressure. raw materials that go into the stuff we buy aren't as plentiful. production slowed causing the

Way -- or deep into 2022. do you think it's going to last for a while? >> i don't think so. i don't think it will last. depending what we do. if we stay exactly where we are, yes. if we don't make these investments, yes. >> what about gas prices? >> gas prices relate to a foreign policy initiative that is about something that goes beyond the cost of gas. we're about $3.30 a gallon most places now when it was down in the single digits -- i mean single digits. dollar plus. and that's because of the supply being withheld by opec. and so there's a lot of negotiation that is -- there's a lot of mid...