Monday, March 19, 2012

Video: Gas reached $3.84



>>> not just the weather that is unseasonable. so too are gas prices . that summer driving season hit, we usually take around memorial day , well, it has come early. and with pump prices expected to keep rising, a lot is riding on the question at what price will many drivers have to fold ?fold. nba nbc's craig melvin reports.

>> reporter: up 61 cents per gallon since december.

>> there is a tipping point where that is, whether it is $4 a gallon or $4.15 or $4.50 or $5 i'm not sure. most economists will tell you you're close to it right here.

>> reporter: in his weekly radio address, president obama responded to critics saying once again there is no quick fix. he also called on congress to eliminate tax breaks for oil and gas companies and invest more in alternative fuel .

>> they can either place their bets on a fossil fuel from the last century or they can place their bets on america's future.

>> reporter: domestic production is up, and supply is down. so why is gas still so expensive? experts say it is unrest in the middle east , lots more cars on the road in china and india, and market speculators. they're all things drivers can do.

>> they have more choices than ever in terms of fuel efficient vehicles and alternative fuel vehicles and they can use all of these means to curb their own consumption of gasoline.

>> reporter: and aaa has tips to help you increase your fuel efficiency . first, they say lighten your load. take things you don't need out of your car. heavier vehicles gobble up gas. check your tire pressure . underinflated tire can slash fuel efficiency 2% less for every pound of pressure below recommended levels. and use your cruise control on the highway. steady speeds save gas. small things that could add up and these days every little bit counts. craig melvin, nbc news, los angeles .

Source: http://video.msnbc.msn.com/nightly-news/46777270/

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