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Gas price averages hit $5 a gallon while inflation climbs to 40-year high

02:28

On average, gas is now $5 a gallon nationwide. Meanwhile the stock market is tumbling, and the cost of other products and services is rising due to record inflation. The price hike is forcing people in the country to take a hard look at how they’re spending their money and make it last. NBC’s Blayne Alexander reports for Saturday TODAY.