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Nation hits another new milestone at the pump

Nation hits another new milestone at the pump

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Andrew Adams reportingThere's another milestone for the price at the gas pump, with a new all-time average.

We've hit a national average of $4 a gallon for regular unleaded gasoline for the first time ever.

Energy analyst Peter Beutel says people are spending hundreds of billions of dollars on energy right now, and it's showing.

"That's money that isn't going to eating out, to clothes, to books, to school, to medicine; and that's making it very tough," he said.

Analysts expect prices to creep up, possibly taking us to $4.15 by the end of the week and hitting maybe $4.50 by July 4. Beutel says we could see $5 a gallon this summer.


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