Gas prices hit highest level in more than 2 years

January 18, 2011 5:44:32 PM PST
The price of gasoline is at its highest level in more than two years and some economists say that's affecting our spending habits.

AAA says nationwide the price of gasoline is $3.10.

San Francisco is much more expensive at $3.44 a gallon and Oakland and San Jose aren't far behind at $3.38 a gallon.

One economist says at least half of U.S. consumers are cutting spending in other areas as a result.