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Too many families are struggling to keep up with their bills. inflation is robbing them of gains they thought otherwise they would be able to feel. i get it. that's why my top priority is getting prices under control. >> that was president biden last night at his state of the union address discussing ways that he plans to improve the economy. joining us now to discuss all of this and what the president said last night is the deputy director of the national economic council. thanks so much for being here. nice to see you. >> we'll talk about what every commuter sees, triple a saying the nationa...

Them, that is what they need. >> todd: heading into the market today and the next week, how much of what we discussed today baked in or how much further could it get? >> vulnerability will be there, timeline of the war is not determined. we will see markets continue to fluctuate. oil is up this morning issue i'm concerned about prices, especially for american gas at $3.61 a gallon, up 10 cents over last week, a buck over last year. a real problem for americans. >> todd: brian brenberg, we appreciate it. carley, over to you. >> carley: death toll is rising, second largest city and massive convo...

Kaput. they're pulling out to the tune of $25 billion. that's a big hit for bp. i don't know how they will do it. half of their proven reserves comes from russia. so where now is that oil going to come from? that is the big question. one that is driving up gasoline prices. take a look today. $3.61 the average gallon of regular. that's up almost a dime in the last week. it continues to rise. everyone says it's going to go much higher. the lack of investment in oil production reflects a lack of investment in oil refining like the refinery here today in south jersey. listen to what they say about...

Continue to pump oil. why can't we it? we do it more responsibly than anyone else on the planet. >> ainsley: we are going to use it anyway. we met as well use it -- make our own. don't buy it from russia who is our enemy. gas prices are through the roof. one gas station in l.a., almost $7 a gallon. that's a regular unleaded. a year ago it was $2.77. one week ago, $3.61. guess what it is today. $4.07. >> steve: as the national average in the price of wheat has doubled in the last 20 days. senator joe manchin of the energy producing west virginia had this observation about banning russian oil. >...

Gas prices very much on the rice in the u.s. the national average climbing above $4 per gallon for the first time since 2008. pete muntean live at a gas station in alexandria, virginia, with the latest. >> reporter: i just talked to a customer here. she said it felt like just the other day when the gas price here was only around $3. she's kind of right. look at the numbers, the national average for a gallon of gas according to aaa, $4.07. just last week at this time it was $3.61 for a glallon of regular on average. this has jumped about $0.50 since the russian invasion of ukraine about 11 days...