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New Jersey Governor Phil Murphy said that recreational sales beginning next week represented "a historic step in our work to create a new cannabis industry."

Companies are reluctant to pump more because they want stability after prices collapsed two years ago. the pressure is on not only on u.s. oil producers but worldwide. saudi arabia has said they will not pump more oil than what opec has already agreed to. so next time you're pumping more and paying more at the gas pump, you can thank what's happening in ukraine and in russia for the price increase that you're paying here. >> so, tom, how bad could it get? that's the bottom line people want to know. >> reporter: the expectation is if we go over i think it's $4.15, $4.20 a gallon nationally, tha...

Alworth from new jersey. >> over 4.20, near 4.30. like you said, the national average has crossed the $4 threshold. 4.06. the worst is still yet to come. as the crisis in ukraine rages on, aaa telling me we could hit the record high price of gas which is 4.11 by tomorrow. and this is checking out with crude oil prices trading now above $115 a barrel. and when you see that price go up, a delayed effect. we are seeing high prices, in the future expect the gas to go up even more. take a listen. >> crude oil prices are for futures for oil that would be delivered 30 days out and processed into gaso...

Most frequent statement i got was why are we still buying russian oil. one of my colleagues put it well the other day. look, the ukrainian people are dying. how about we have to pay a little bit more for gas, hopefully on a temporary basis, but that's the reality that we're facing. we can't sugar coat the fact there will be impacts here in this country of the various sanctions that are being applied, particularly on the energy side. but it is -- the comments that i have gotten so far -- i mean nobody likes the high gas prices, over $4 now, $4.20 over the weekend. but people are really committe...

Price is $4, $4.20. >> jeanine: so you need someone to blame? >> geraldo: they are charging twice as much as they used to. >> jeanine: tell joe biden to open up the pipeline in canada. >> geraldo: i want the oil company guys cold and like the cigarette guys, the four web them mister, why are you charging that? why are you charging that? i am emotional. >> jeanine: he's made no profits during the pandemic? >> geraldo: i had president biden apparently in big trouble. the tough stuff about his political future coming up after the break. ♪ ♪ ♪ limu emu ♪ and doug. we gotta tell people that...