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Monday Morning Business Update

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It wasn't that long ago when we anguished over gasoline prices topping $2 a gallon.

But that seems like a distant memory now as drivers here brace for the $4 mark.

Experts say it's a distinct possibility as prices are rising well before the beginning of the peak summer demand period.

Indeed, the price signs at gas stations in the Chicago area have been turning over faster than the numbers on your odometer lately.

Nationwide, the cost of a gallon of unleaded gasoline is averaging 3 dollars and 9 cents.

Closer to home, that average cost is 3 dollars and 40 cents a gallon.

In just a moment, we'll hear what some of you think about soaring gas prices and the impact on your pocketbook.

But first, David Greising joins us to tell us what's driving the increase.

He's the Chief Business Correspondent for the Chicago Tribune and Eight Forty-Eight's Business Contributor.

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