First, we need to determine how many pints are in 2 quarts. Since there are 2 pints in 1 quart, in 2 quarts there are:
\[ 2 \text{ quarts} \times 2 \text{ pints/quart} = 4 \text{ pints} \]
Next, we calculate the cost per pint by dividing the total cost of the ice cream by the number of pints:
\[ \text{Cost per pint} = \frac{\text{Total cost}}{\text{Number of pints}} = \frac{5.48}{4} \]
Now, we perform the division:
\[ \frac{5.48}{4} = 1.37 \]
Therefore, the cost of 1 pint of ice cream is:
\[ \boxed{1.37} \text{ per pint} \]