Summer Bummer: Gas Prices About to Spike

As families get ready to hit the road for vacation, gas prices are expected to rise.
1:20 | 07/09/13

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for Summer Bummer: Gas Prices About to Spike
republic, then puerto rico and then possibly florida. A summer surprise on the way fo the family driver. Gas prices are about to spike, how high how long will it last? Reporter: Gas prices are heading higher. The reason, the pumps have risen in the last week and they're ready to pass it onto consumers. Already the national average of $3.48 is a penny higr than yesterday. Prices are going to continue to climb at least for the next couple of weeks. The rise is tied to crude oil prices, $7 a barrel last month amid unrest in egypt. Egypt controls the suez canal, a cruel route for transporting oil. If that country were to descend into a civil war we could potentially see prices to where they peeked in 2008 at $4.11 a gallon. That would mean $40 more for most americans to spend on gas. The department of energy says prices will remain higher for the rest of the summer averaging $3.63. Thanks for the head's up. Still ahead on "world news." After those three young women in cleveland spoke out, we looked

This transcript has been automatically generated and may not be 100% accurate.

{"id":19622302,"title":"Summer Bummer: Gas Prices About to Spike","duration":"1:20","description":"As families get ready to hit the road for vacation, gas prices are expected to rise.","section":"WNT","mediaType":"Default"}