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Aaa which says $4.50 gas not completely out of the question. >> it's entirely possible that the upward pressure on gasoline prices are going to continue because the war certainly doesn't look like it's going anywhere, but summer driving season is just kicking in. wrmer warmer weather, longer days. people are going to be out on the roads, more demand for gas gasoline. >> reporter: i said the gas was $4.37 on the way in, it's actually $4.39, it's easy to get the numbers mixed up when it's going up so quickly. a lot of people here in cincinnati are just going across the river into kentucky, just ...

The country. good morning to you, steve, brian, ainsley. that's right. so the president says his top priority is fighting inflation and lowering those prices across the country that are rising and this plan today that he will announce cannot come soon enough as gas prices now hit an all time high. take a look at this. triple a is reporting that the national average price of unleaded is now at $4.37. this is the highest ever recorded price. the last all time high happened back in march, back when russia invaded ukraine and that was at $4.17. so really, we've shot up about 20 cents in just about...

Push congress to pass a bill with clean energy tax credits. he will also push congress to pass subsidize some childcare going forward. we also know he will highlight the releases from the strategic petroleum reserve to bring gas prices down. gas prices reached record highs. nationally $4.37 a gallon for regular unleaded. diesel a record also. no policy shifts for more restrictions and more regulations. >> i think what he will probably do is offer a bunch of subsidies which don't lower costs. they simply socialize it. in february 2021 inflation in the united states was the same over a 12-month ...

The university of chicago wrote in an op-ed "biden's disinformation board is a gift to republicans. biden administration officials stick with ideologically driven policies even though they are not working on issue after issue, policy after policy, driving into a brick wall and then backing up and ramming into it again." is this something that's going to play in the republicans' favor come the midterms? >> yeah, the only reason i would be tepid in response to you, perhaps watered down in the public's mind. what are we looking at, 4.37 a gallon in gasoline, inflation that is scaring everyone in ...

And it's not just americans feeling the financial pain. morgan stanley put it this way. we live in the most chaotic, hard to predict macroeconomic times in decades. the ingredients for a global recession are on the table. >> joining us now is cnn business editor-at-large, richard quest. richard, great to see you. do you agree that this is the hardest to predict economy in decades? >> absolutely. without any question of doubt. because the underlying economics are so horrible. gas prices in the u.s. at the moment average $4.33, so you've got a vast range, $4.37, previous record, week ago, year a...