May 15, 2008 7:48 AM
- Text
Talk of the Town
This story appeared on The Early Show
When we rolled into Louisville yesterday, the headline in the local paper was about gas hitting $4 a gallon. That's the case at 12 gas stations in the city. And residents say they can't believe how quickly the price is skyrocketing. It's up 13 cents, on average, here in Louisville, just since Monday.
Four-dollar-a-gallon gas is fast becoming the talk of the town.
One man showed me the receipt from a fill-up he'd just completed and remarked, "Seventy bucks -- good God Almighty!"
Another said the prices make "a person angry."
Anger is just one of the many emotions motorists are feeling as the price of gas keeps rising.
"All you can do is laugh about it," one man chuckled.
But it's no laughing matter. According to many oil analysts, $4 a gallon could be the national average very soon.
And with Memorial Day weekend less than ten days away, another man told me, "Something needs to be done."
The official kickoff of the summer season has some people hoping for a return to simpler times, with one man kidding that he'd "rather get back to horse and buggy. Something's gotta happen!"
We took a ride with the mayor of Louisville yesterday, and he told us, every time the price of gas goes up a penny, his budget takes a $30,000 hit because of all the city vehicles he needs to fuel.
When we rolled into Louisville yesterday, the headline in the local paper was about gas hitting $4 a gallon. That's the case at 12 gas stations in the city. And residents say they can't believe how quickly the price is skyrocketing. It's up 13 cents, on average, here in Louisville, just since Monday.
Four-dollar-a-gallon gas is fast becoming the talk of the town.
One man showed me the receipt from a fill-up he'd just completed and remarked, "Seventy bucks -- good God Almighty!"
Another said the prices make "a person angry."
Anger is just one of the many emotions motorists are feeling as the price of gas keeps rising.
"All you can do is laugh about it," one man chuckled.
But it's no laughing matter. According to many oil analysts, $4 a gallon could be the national average very soon.
And with Memorial Day weekend less than ten days away, another man told me, "Something needs to be done."
The official kickoff of the summer season has some people hoping for a return to simpler times, with one man kidding that he'd "rather get back to horse and buggy. Something's gotta happen!"
We took a ride with the mayor of Louisville yesterday, and he told us, every time the price of gas goes up a penny, his budget takes a $30,000 hit because of all the city vehicles he needs to fuel.
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Nancy Cordes Nancy Cordes is CBS News' congressional correspondent.
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