Gas prices are set to rise. Here's what you could pay at the pump.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
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U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
Drivers in the Chicago area can expect to start paying more at the pump this week, as oil prices have spiked amid the U.S.-Israeli war on Iran.
Iran controls part of the Strait of Hormuz, a critical shipping lane where about 20 million barrels of oil flow every day, and it’s the world’s sixth-largest oil producer.
If approved, the average customer would pay an extra $10 to $11 per month.
Some local gas stations as of Tuesday afternoon were posting prices of $4 per gallon for regular unleaded, and more than $5 for premium.
An outage at the BP Whiting Refinery in Northwest Indiana during drenching storms last week is believed to be connected to the spike. Sara Machi reports.
Gas stations as of Tuesday afternoon in Chicago were posting prices of $4 per gallon for regular unleaded, and more than $5 for premium. Sara Machi reports on why that's happening.
An Illinois representative has introduced legislation to tax road mileage as the state sees less revenue from the gas tax.
An Illinois representative has introduced legislation to tax each mile you drive as the state sees less revenue from the gas tax.
While the tariffs on Mexico and Canada have been paused, there was still concern late Monday about what happens next month if the tariffs go ahead in a month.
The tariffs in Canada and Mexico were paused Monday, but gas and lumber are two of the big commodities that would potentially be impacted if they go ahead. Megan Hickey reports.
President Trump's tariffs against Mexico and Canada have been paused, but there is concern about the effects in particular on the gas and lumber industries if they go ahead. Megan Hickey reports.
On Monday, President-elect Trump specifically promised a 25% tariff on all products coming from Mexico and Canada—in addition to a 10% levy on Chinese goods.
Just because those tariffs are not targeted at American consumers does not mean American consumers’ wallets won’t be affected. Sabrina Franza reports.
An over 11% increase compared to last Thanksgiving is expected at O'Hare Airport.
Good news for travelers, as gas prices are going down just ahead of Labor Day weekend. Patrick De Haan, head of petroleum analysis for GasBuddy, explains how gas prices this year compare to last year.
There are plenty of considerations for those interested in making the investment, according to industry experts.
The Environmental Protection Agency has agreed to a fuel waiver for Illinois. Michigan, Wisconsin, and Indiana.
The idea behind the waivers is to boost fuel supply and lower gas prices across the Midwest.
The cleanup continued along Interstate 55 in Will County after this week's storms. A temporary power outage at the ExxonMobil refinery in Channahon may lead to higher gas prices for a period.
The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
Hardest hit are rural drivers who typically have to drive the farthest, and Chicago rush hour drivers burning more expensive fuel. CBS 2 Political Reporter Chris Tye reports.
Friday is expected to be the busiest day. More than 38 million people will be driving over the holiday weekend, and they'll be paying a pretty penny at the pump, Patrick DeHaan, an analyst with Gasbuddy.com, explains.
Gas prices are now below $3 a gallon in eight states, and drivers in other parts of the country could also see cheaper fuel costs.
This year, most people heading out of town plan to drive.
