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This is getting ridiculous. >> reporter: down the road, with the national average expected to hit $4 a gallon, in are rethinking driving. >> i could stand to lose a few pounds. so maybe i could walk a little bit more. >> reporter: the pinch at the pump, painful at in senior resource outside denver. free rides for the elderly so they can see a doctor or get food could be in jeopardy. the gas budget here is running on empty. >> there is a limit to what we can do and as a last resort, it would be a matter of scaling back. >> reporter: americans scaling back as gas prices continue to climb. the ch...

May not be a whole lot better. the average nationwide price of se self-serve gas has topped $3.50. it's risen at a break-neck pace. almost 34 senlts in two weeks according to aaa. that's the fastest, highest increase since right after hurricane katrina. if this rate keeps up, not that it necessarily will, we will set a new record for the price of gasoline inside of a month from now. the highest average gas price to date is $4.11. you can see it there in the middle of the charge. $4.11, that was july of 2008. remember, averages are made from extremes, which means that the $3.51 average looks pr...

Barbara, california, where drivers are forking over $3.41 a gallon. for some it's crossed the threshold where we begin to make sacrifices elsewhere. >> well, maybe i don't go out tonight because i have to spend money on gas. >> reporter: some experts are comparing today's prices to hies elly 1 oy's prices to gasoline by the end of 2012, which they also fear could trigger another recession. all food that's delivered by truck, by plane, by train becomes more expensive. >> reporter: and then they're the question of egypt. oil industry speculators notoriously hate uncertainty, so instability in eg...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.