Gas Outlook: 'Most Painful Year At Pump Ever'
Gasoline prices could approach $5 a gallon by Memorial Day and stay a record levels for much of the summer, according to a forecast by GasBuddy.com.
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Gasoline prices could approach $5 a gallon by Memorial Day and stay a record levels for much of the summer, according to a forecast by GasBuddy.com.
It's been no holiday for drivers trying to fill up at the pump. Gas prices continue to rise. As of Monday, the average price for a gallon of regular unleaded gasoline in Chicago was $3.51, up 9 cents from a week ago.
An expiring ethanol tax credit could lead to higher gas prices come 2012.
If you've filled your gas tank Thursday, you probably noticed a sudden spike in prices.
Oil analysts are reporting families are now spending 8.4 percent of available median income to fill up their gas tanks.
Gas prices in Illinois and Indiana remain basically unchanged in November from a month ago, due largely to increasing oil prices and a fluctuating global economy, the AAA reported Monday.
Oil has been trading above $100 a barrel for the first time since July, but a local expert doesn't think that will translate into significantly higher prices at the pump.
Prices at the pump could gobble up your wallet this Thanksgiving. Gas prices are at an all-time high for this time of year.
Gas prices are dropping in the Chicago area and surrounding counties, but prices are still higher than they were at this time a year ago.
Gas prices are down 11 cents in the last week in the Chicago area, and dropping.
Gas prices are finally coming down – and quickly. Prices at pumps in Chicago are nearly 10 cents a gallon cheaper than just one week ago.
With prices creeping up, Chicago once again has the distinction of having the most expensive gas in the country.
Once again, you're paying more to fill your tank.
Near-record high gas prices will greet Labor Day weekend travelers as they hit the road.
Where are you going over the Labor Day weekend? AAA says the majority of us won't be going very far.
Gas prices in Chicago are higher than they were a week ago. That stings. CBS 2's Kristyn Hartman reports.
There's one positive side to the turmoil in the financial markets. Experts say gas prices should continue dropping for the next 90 days or so.
Average gasoline prices in Chicago increased about a nickel per gallon in the past week and is $1.17 a gallon more expensive than a year ago.
Our little holiday from higher gas prices is over for now in Chicago.
Some University of Massachusetts Amherst professors have authored a study for the Public Interest Research Group, which concludes that speculation in the oil futures market is having a big impact on prices at the pump.
After months of sticker shock and pain at the pump, drivers are finally getting a little relief.
Just as prices already were falling, governments around the world are making a move to bring down the cost of oil even faster.
Higher gas costs are taking a toll on travel for the upcoming 4th of July holiday.
In some parts of the Chicago area it's jumped as much as 30 cents a gallon in the last week. But if you play your cards right you can get some free money for gas.
Memorial Day is behind us and gas prices are still rising, and now, U.S. Sen. Dick Durbin (D-Ill.) says it's time to take the drastic step of dipping into the strategic oil reserve.
