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A record number of people are booking flights for the spring and summer travel season. business and international travel is back. but staffing shortages mean airlines haven't been able to add all the seats they need, causing the spike in fares. and there is no relief on the ground either, this morning aaa reports the national average for a gallon of regular, $4.42. another record, 41 cents higher than a month ago. want to bring in chief oil analyst, and so nice to have you here today. these records are like a broken record. literally here. i mean, to be where we were at the last real kind of r...

As i said last week, defending freedom will have costs. for us as well, here at home. we need to be honest about that. >> kayleigh: lauren, i really want to understand this. americans can expect higher gas prices, stock market rises, but hunter biden got 83,000 per month from ukraine. so ukraine, was for hunter but not for america. >> lauren: i'm glad to give us that sound bite because what cost would not have to pay that we are not already bearing here in the u.s. that he could get worse. if you're in california and your feeling of the gas tank today, your pain an all-time high record $4.75. ...

Maybe $4.75 per gallon for gasoline and it's realistic that diesel hits $6 and we can talk about those $5 prices, right? they've been confined to california for gasoline. those might start popping up in areas like chicago, where i am, the national average -- asked his meaty average in chicago now $4.65 a gallon, so you're going to start to see this hit more of mainstream america. >> sean: i paid over $4.50 per gallon this weekend. thank you. here now with a full report from l.a. county where gas prices, they are the leader, now approaching $7 a gallon in some areas, investigative reporter sara...

Size of it is staggering. this amounts to a shock and awe campaign from the white house. 180 million barrels over six months. that previous record release from november was just 50 million. this is triple the size of that. this is really kind of a break the glass moment. in the short term, it could help ease the shock caused by the war in ukraine. but it's not going to make gas prices cheap again. oil prices actually did go down sharply last night as word of this leaked out, but they bounced off their lows, down about 4.5%. $103 a barrel. that's still high. they are not collapsing. veteran ana...

Like this. the goal is to try to cushion the shock that's been caused by the sideline with the russian energy. now, we did see a reaction with the oil market immediately. oil prices went down last night as reports came out about this. bounced back a bit but down 4% on the day. what's this going to do to gas prices? it's not going to make gas cheap again but it could help. veteran energy analyst tom told me before this was announced, he was worried that the national average was going to go up to $4.75 a gallon in the united states this summer. now he sees the national average topping out at $4....