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Impact on the united states. in fact, of the president is saying we are going to release some oil from the strategic oil reserve we can keep cap on oil praises that is not a strong response and not effective in the long run it does not deal with the supply/demand imbalance in the world energy market. it just simply does not deal with that we are faced are rising energy privacies still. for example, this morning the national average for a price for a gallon of gas, regular, $3.57. up 3 cents from yesterday. up 20 cents from a month ago. no sign that that increase in gas prices is going to calm ...

Gas prices going up. at the going up even further should take a look at the gas prices jumping to the current average $3.57's in some places way more than that. that affects people's pocketbooks. >> yes it does pay. we were on inflationary cycle before this war broke out, brett. this is only going to exacerbate more fuel to the fire pit oil prices already elevated are likely to stay elevated. they seem quite high brett but we are below the prices were played with 2008 these russian situation of course russia pumps a lot of oil this does not help us at all we're going to see the center pocketbo...

Wall street bouncing back after reacting to president biden's remarks yesterday and the latest developments in ukraine. cnn's matt egan joins me now. a lot of volatility. we know this happens in times of conflict. we don't see a resolution anytime soon, so what can investors expect? >> bianna, i think that the mood of the financial markets has really improved significantly from 24 hours ago. investors remain on edge, but some of the initial fears have faded away. the dow is trading something like 1400 points above the lows of yesterday. as we speak, up 475 points. 1.4%. highs of the day right ...

The world is going to respond and markets will rerespond all over the world. there is no doubt about that, number one. number two, the notion that this is going to last for a long time is highly unlikely as long as we continue to stay resolved and impose the sanctions we are going to impose on russia, period. >> harris: a little bit more here. americans are definitely feeling the pain, stock market volatility is hitting retirement 401k plans. today the national average gas price is $3.57. that's up $1 from last year about. that's just the average. some places are already at $5 and more per gal...

Everything is unexpected even at the scale of days. this is surreal but we have to do what we have to do. so people are trying to be reasonable and they are hoping that ukraine gets help at the level of large countries but we have to work also at the level of individual people and smaller organizations. >> dana: igor, thank you for being with us today. we'll follow this and make sure people now how they can help. >> bill: price of oil over $100 a barrel. first time we've seen that since 2014. what happened that year? putin went into ukraine. average now $3.57 up from $2.68 a year ago. you are ...