Gas Prices on Daily Rise

Families and businesses try to cope with increasing prices at the pump.
1:50 | 02/25/12

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Transcript for Gas Prices on Daily Rise
That harsh economic reality across this country tonight. The soaring price of gasoline now 367 a gallon on average up fourteen cents just this week rising for thirty days straight now. Tonight's an American families already making changes and -- already in on the action. Pulling up to the gas station and as mark Greenblatt shows us here's what happened next. You're looking at a brazen sophisticated heist but those appear. That this is on the -- when the target not cash from a bank but gasoline. This van pulled into a Tampa Bay BP stations and parks right over the underground storage tanks. Then -- in trap door opens up. And -- drop a line down so they can pump up the gas and store -- in their own tanks hidden in the -- We're seeing an evolution in how gases stole and the higher prices go the more creative -- yet. But even law abiding citizens are feeling squeezed. Small businesses like shapers Prodi's in Cleveland are finding it harder and harder to -- the delivery truck. -- -- -- -- -- -- -- -- -- -- And whether you blame tensions in Iran or Wall Street speculators for driving up the price of oil there's nothing worse the American economy and rising gasoline energy prices rising they are the average cost per gallon has soared from 325. To three dollars and 67 cents since December. Economists say if the price tops four dollars a gallon and stays there. Americans will be forced to pull back. If we have to spend more on gasoline that means we had less to spend on everything else. And when that happens the chief economist for Moody's -- says it could cause a cascading effect on the economy. Impacting retail stores jobs and nonprofits alike.

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