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Will lead our live coverage of tomorrow s hearing, starting tomorrow at 10:00 a.m. eastern time now to the news affecting almost everyone today, gas hit a new high, $5 a gallon on average nationally and new data shows inflation is the worst it s been since 1981, up 8.6% since this time last year that translates to families paying an extra $460 a month for everyday items for so many, that s money they do not have tonight, we follow three families as they re forced to change their lifestyles to get by what does your day look like? reporter: across the country, americans are waking up to a new reality. when i wake up in the morning, i start worrying about bills that need to be paid i start worrying about how i m going to, you know, provide for my family. i worry more about what my kids are feeling more than anything ....
Your money never stops working for you with merrill, a bank of america company. in case you needed another sign of how much more you re paying at every turn, inflation hit 8.6% for the 12 months ending in may. so if you haven t gotten a raise of 8.6%, you can do the math. add to it the average price of gas hit $5 a gallon. let s talk to the chief economist at moody s analytics. mark, thank you so much. food has risen 10%. energy has risen almost 35%. how much worse is this going to get? have we plateaued maybe and perhaps relief is in sight? jim, yeah, i think so. a lot depends on the russian invasion of ukraine how that ....
For the first time ever. marking the 15th straight record day of high gas prices at the pump. alexis mcadams live in new york city. alexis, i m guessing you re seeing stunned faces and frowns at the pump. reporter: not a lot of happy people at the pump but that doesn t stop them from fill up. here at the mobile gas station behind me, you see cars moving in and out, it s about 6.50 a gallon for regular gas but although people aren t happy, griff, they aren t surprised because it s been climbing steadily for months. take a look at your screen. this is what we are talking about today. the news this morning, for the first time ever the national average for regular gas hit 5 bucks a glen. that s up 60 cents from last month. and now drivers paying nearly 2 bucks more just per gallon than we were last summer. cost me 30 to fill out and now see where it s at now, it s 55. reporter: right now california, ....
Trajectory of 13 straight days. madison allworth joins us from new jersey with what is behind all of this. madison? hi, neil. so yeah, americans just continue to have to pay more and more for gas as we continue to break records. like you say, 13th day in a row with a new record high gas price. so let s take a look at what that is. today the national average price of gas, $4.97 a gallon that is just three cents short of $5. nearly half of the u.s. is already paying that. 20 states plus washington d.c., they all have an average of $5 a gallon. new york, utah, vermont and rhode island the latest to join that club. according to a triple a survey in march, 70% of drivers said that if gas hit $5 a gallon, they would be their pain point. no for many drivers, we re ....