Ethanol at the Brazilian pump

Gas prices in the United States have risen roughly 40% since the start of the war with Iran six months ago. Triple-A is predicting this August will be the most expensive month ever at the pump in the United States. People around the world have felt the pinch, too. But one South American country has been preparing for this moment for decades ... and is weathering the global storm in fuel prices. Michael Fox has the story from Sao Paulo, Brazil.