Millions are feeling the squeeze as prices at the pump seem to go up daily. KevRincon reports.
-- Soaring prices are making a huge impact of consumers' wallets. Thursday, the Consumer Price Index climbed to 7.9 percent, theAs CBS2's Kevin Rincon reported, millions are feeling the squeeze as prices at the pump seem to go up daily.
The Bureau of Labor Statistics said gasoline is up 38 percent compared to a year ago, and it's only expected to get worse.The price of used cars is up 41 percent compared to last year. Michael and Zafoon Kenny said they bought a new car and a new home for their 2-year-old to grow up in. It took them months to finalize.
There are some things you can do to make you gas dollars go further. Make sure your tires are properly inflated, since low tire pressure causes excessive resistance. Also, ensure your car's maintenance is up to date. Changing spark plugs a little earlier will help save gas. Finally, keep you air filter clean because restricted air flow causes your car to use more fuel. "Milk went up, soda went up, meat went up. Everything is going up," Wiggins said.
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