National Average for Gas Prices Now at $4.30 a Gallon

War in Iran fuels fears of new inflation and high gas prices; the national average rises another seven cents to $4.30 for a gallon of regular gas. It has risen by more than $1.30 since the beginning of the war. NBC’s Christine Romans joins TODAY to cover how the Strait of Hormuz recession is affecting pump prices and offers analysis of the Federal Reserve’s decision to keep interest rates steady.