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Republicans giving him a hard time and said he was puzzled and thought it was bizarre the republicans are blaming him . your reaction . >> i thought it was an astonishing zinterview. the reporter saidinflation started with your release package to which the president immediately said zero evidence of that and repeated it for emphasis . 7%january 2021 when he came in inflation was running at 1.4 percent a year . by february 2022 itwas 7.9 and by may8.6 so where's the evidence ? it's right there in front of you. same thing with gas prices, he says it's putin's fault . price of gas january 2021 is...

New jersey. these are the guys who first have to pay those high crude oil prices over $95 a barrel now on the new york future exchanges and of course that translates to everybody, you and me at home who drives a car. take a look at the latest numbers on what you are paying. $3.61 now. up almost a dime in the last week. and everyone expects that it's going to rise even more. why? well, it's because the screws are being tightened over there. for example, the folks at bp now pulling out from a joint venture that they had with the big russian oil company. it's going to cost them, they think, about...

There has an effect on us here. for example, energy prices going up. because energy comes out of russia and there is a shortage of supply. gas prices in america are now at 3.61. that's the national average for regular. that's up it 25 cents in a month that's inflation. the wheat on exchange up 7%. up 30% this year. that means food price inflation. starts new round fear at home. it's it's putin's fault. he did it and the sanctions are working. they and to some degree we are in trouble. >> ainsley: we learned yesterday that ukraine and russia were going to be in talks this morning. it's afternoo...

According to aaa the average price of a gallon of gasoline here is $3.61. that's up from 25 cents a month ago, 89 cents a year ago. jeff flock of fox business is live at a new jersey refinery with more on the effects the ukraine invasion will have on energy markets here. jeff, this is just the beginning. >> i think so, harris. clearly everyone believes gas prices are going even higher. here at the refineries, the refinery here in new jersey. the first place they feel the cost of a crude barrel of oil now about $95 on the futures markets. the u.s. remains the largest producer of oil in the worl...

Rollercoaster. in the u.s. gas prices are going up. the average price is dl* 3.61 up eight cents from a week ago. jeff paul is live in new jersey. >> probably going to go higher before we're done. pbs refiners and the unit is running full out trying to process as much oil as they can because the world is going to need it. as you report now, big sanctions on russian oil. the central bank has alluded to being sanctioned by both the e.u. and u.s. today. it will make it hard for russia to get paid for oil it sells. a big joint venture between bp and the big russian oil company, bp had a 20% stake ...