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>> trace: almost two decades later they are still cleaning up after katrina. back to you as the news breaks. robert, thank you. >> dana: new analysis from the urban institute shows wages are increasing but not enough to keep up with soaring gas and rent prices hitting low and middle income families particularly hard. for more on what people can do to help ease the burden let's talk to dave ramsey. average gas prices is the thing that's hurting people. $4.23 a gallon on average. making fun of trace a little bit. over $6 in california. food also being on the rise at 8% and gasoline, but energy c...

United states went along with this, as a serious escalatory move by vladimir putin, putting the united states at risk for facing very dangerous retaliatory measures. >> because suddenly you'd have the jets on a u.s. air base. a lot of questions on this. cecilia, thank you so much. in the meantime, gas prices already the highest in u.s. history. the national average, ll tth's n soerhilling?niro enom aan tpump. onichtth pa at the pump being felt by americans across the country.on? >> it doesn't feel good! that used to be half a tank! >> reporter: the average price of gas now a record $4.23 a g...

Senators and the congressmen show the more than people and fair it out, because in business agriculture right now, there's just a few companies that control almost everything. i think it's time to go hunting for some big game in had this inflationary spiral. >> gas is $4.23 a gallon and it's true. it rolls up into triple digits when you look at the meter on that pump. peter baker, great to have you on with us this morning. we'll see you soon. still ahead on "morning joe," the house chair say when is it comes to the economy, he's tired of republican hypocrisy. he joins us next to explain that...

You spoke with the president i know will mean a lot to you. >> yes. it will be. >> paula reed and joey reed. please, please keep us updated. really appreciate your time this afternoon. >> thank you. want to turn now to some other big stories out of washington including the president's announcement to try to drive down the cost of gas in this country. we talked about it a minute ago, this plan to release a million barrels of oil every day from the nation's strategic petroleum reserve for the next six months. the president's also asking congress to put more fees on oil companies who aren't dri...

10 to 35 cents a gallon. $4.23 is the national average. you could get below 4 for the summer and stay there if this plan works as they want to. the administration will be releasing 1 million gallons of oil a day. that's potentially 180 million gallons. 30 million were released in march after 50 million tapped last november. there are new concerns about an energy crisis in europe. vladimir putin is doubling down to cut off natural gas supplies to companies that refuse to pay in rubles. nina dos santos has more. what does the move mean for the rest of europe? >> reporter: it's very worrying and ...