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food prices too have gone up. nothing's being done about it. >> it's going to kill the people, these diesel prices. >> they have no -- i have no choice but to fill up my tank. there's no other choice. >> definitely too much. and it has to change, hopefully soon. neil: it is the story of the week, and right now it is hitting americans hard. i'm talking about inflation, and it is still out of control. here's how bad things are getting. we're grateful if the rise isn't as dramatic as we had experienced in just the prior month. that is the state of things now with prices spiking at near ...

feel any significant relief at the grocery store or gas pump. fuel costs just hit another new high, $4.40 a gallon on average for the first time ever. >> cnn white house correspondent jeremy diamond is traveling with the president. jeremy, the president gave a speech about inflation yesterday. today it's supposed to be more about food supply. what can we expect? >> reporter: yeah, victor, but inflation will still be very much top of mind for the president as he addresses this dueling issue of rising food prices, as well as this global food shortage. part of it sparked by the war in u...

dropping is the price of gasoline. national average hitting $4.40. some states approaching $6 a gallon. >> dana: that's having a big impact on american families. average household will spend an extra $5,000 this year on gas and groceries alone. >> bill: stock market dow coming off four straight days of losses amid concerns the federal rate hikes will trigger a recession later this year. >> dana: yet the president insisting this is not his fault. he is instead pointing the finger at republicans and what he calls their ultramaga tax plan. the architect of that plan calling the attacks ...

it was 8.5% in march. however, that is negligible as we're stuck in record territory. prices for most everything are still well above pre-pandemic levels and nearly 6% higher than when president biden took office. here is the president hitting all of his alleged culprits, including senator rick scott, who called the president incapacitated and called for him to resign. >> president biden: the first cause of inflation is a once in a century pandemic and the second cause mr. putin's war in ukraine. what's the congressional republican plan? they don't want to -- they want to raise taxes...

Watters. Prime time tonight. Who all you Wantse Watters . Who hollowed out this town and have borrowed against the future out a of our future t generations, will the kamikaze win the war . Our job is to investigate everything that happens. Obviously, the more informationn where anything wrong from gold bar bobs wife killed the man and covered it up. Everyone stay calm. We are taking over this game. G ov i boss San Francisco now h a pirate problem. Plusrate tara reid. Im telling you to, te go herself. Washington is giving us flashbacks of freshman year. Congress is pulling fire alarms, making a...