Nightly News | February 26, 2012
>>> now to what is sure to be a major issue on the campaign trail into the summer and fall. the skyrocketing price of gas . the average price of a gallon of gas in america is now $3.69, that's 30 cents more than it was just a month ago. cnbc's phil lebeau joins us now from chicago. phil , is there any end in sight to this rise?
>> unfortunately there is not, lester . part of the shock and the outcry we're hearing from people is because we have seen gas go up so quickly, 19 straight days gas prices have gone up. what we'll see from here, lester , a repeat of 2008 . people will drive less, more car pooling , people buying will migrate toward small cars, hybrids will become more popular. as far as the outlook for the future, unfortunately, lester , it looks as though we're going to see prices continue to go up. remember, the summer driving season, people drive more, there is greater consumption of gasoline, that's usually when we see gas prices going up. so unfortunately we're seeing this now in the spring which means we could be in for a costly couple of months this summer.
>> not what we wanted to hear. phil , thank you very much.