Gas prices are skyrocketing as inflation reaches its highest level in 40 years. The Consumer Price Index rose 0.8% in February, an increase of 7.9% over the previous year. CBS News’s transport correspondent Errol Barnett has more to say about rising gas prices, and then Lori Bettinger, president of the BancAlliance and former director of the Troubled Assets Program under the Obama administration. to discuss the impact on American families.
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