Sudden gasoline spike could lift inflation, influence future interest rates

Gas prices have risen by 60 cents per gallon from last week, with the state average now at $3.58. Nationally, there's been a 17% increase. Financial advisor Brad Augustine discusses the broader economic impacts, including how quickly these price hikes influence grocery bills and contribute to inflation. He also explores the potential effects on interest rates for mortgages, credit cards, and car loans as monitored by the Federal Reserve.