Gas Prices Expected To Rise After OPEC Cuts Production
Oil prices have surged because traders believe OPEC is finally addressing an oil glut that has depressed prices for the past two years.
Watch CBS News
Oil prices have surged because traders believe OPEC is finally addressing an oil glut that has depressed prices for the past two years.
Gasoline prices rose a tick in the past week, but still are much lower than recent years.
The Brexit vote has sent gas prices into a slide in Chicago and the rest of the United States.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said the increase is due, in part, to refinery maintenance, which will take longer than expected.
Massachusetts gasoline prices have jumped 4 cents in the past week to an average of $2.12 for a gallon of self-serve regular.
With gasoline prices plummeting in the Chicago area, how far can you go with $50 in your pocket?
With crude oil prices down again on Monday, gas prices at the pump likely will continue dropping.
Drivers are enjoying some of the lowest prices at the pump in years, but as CBS 2's Vince Gerasole reports it comes at a price.
With gas prices at lows we haven't seen in seven years, one analyst said drivers should buy now, because prices are likely to go back up soon.
While motorists around Chicago are well aware of plummeting gasoline prices, the average cost of a gallon of petrol is actually below the national average.
Gas prices have been steadily declining in Chicago for the past few weeks, reaching the lowest levels seen in years, and one industry expert said the bottom will continue to drop.
The average price of a gallon has fallen about 11 cents in the last week and drivers are loving it.
Triple A declares this year's to be the busiest holiday for travel ever.
Chicago cab driver Tony Liauppa is doing well these days.
Even with crude oil prices inching up a bit on Wednesday, Chicago area gas prices have been tumbling.
Repairs at BP's Whiting, Ind., refinery sent gas prices plunging last week across Chicago and nationwide, the biggest single-week drop this year.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said Chicago area drivers can expect to see prices fall by up to 50 cents in the next couple weeks, after BP confirmed it has reopened the crude distillation unit that went offline on Aug. 8.
If you have a late summer road trip planned, there's good news—the average gas price in the Chicago area has dropped 15 cents since Thursday, and prices are expected to keep going down.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, called the recent spike in prices at the pump one of the worst he's ever seen.
Though gas prices have been plummeting nationally, drivers in the Chicago area suddenly have seen a major bump at the pump.
Gas prices normally spike during the summer driving season, but this year they have been plummeting.
Gas prices in the Chicago area are heading lower and this trend may continue.
Regular unleaded is $3.04 a gallon in Chicagoland. The national average is $2.73, according to AAA Motor Club.
For the first time this year, the average price of gas in the Chicago area has climbed to more than $3 per gallon.
As the 11-4 Chicago Bears prepare for their Sunday night matchup with the 11-4 San Francisco 49ers, one player earned an extra Christmas present from the league thanks to his impressive performance against the Green Bay Packers.
A Park Ridge salon owner has been cutting hair for more than 20 years, but some of her most important clients don't pay a dime.
Metra is running on a reduced schedule for Christmas Eve.
Christkindlmarket in Daley Plaza closed for the season in Daley Plaza on Wednesday afternoon, wrapping up a rough year for the popular holiday market due to new capacity limits required by the city.
The main topic for shoppers was not the lines or the last-minute deals, but the warm weather.
Pope Leo XIV has revealed he privately urged Gov. JB Pritzker not to sign a bill legalizing medical assistance in dying in Illinois.
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
A host of new laws in Illinois will take effect on Jan. 1, 2026. From gun safety to rogue towers, protection from squatters, medical assistance in dying, protections for immigrants and more, here are some of the most notable changes in the new year.
Mayor Brandon Johnson on Tuesday declined to veto a $16.6 billion spending plan passed by his rivals on the City Council, allowing it to go into effect without his signature.
The U.S. Department of Justice is suing Illinois Gov. JB Pritzker and Attorney General Kwame Raoul over a state law restricting immigration arrests.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
With less than two weeks until Christmas, if you're sending gifts to people far from home, the deadlines to get them there on time are fast approaching.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Why is one school in the west Chicago suburb of Lisle paying a water bill three times higher than another? The answer has to do with a private utility company.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
It's the holiday season, which means it's the most common time of year for norovirus to spread. Here's what you need to know about this winter stomach bug.
A study conducted in part by Chicago's Northwestern Medicine found that tanning beds not only triple the risk of melanoma, but can also damage DNA across nearly the whole skin surface.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
The Chicago Bears are expanding their search for a new stadium to Northwest Indiana, even though they already own land in Arlington Heights and have also proposed a new lakefront stadium in Chicago.
A Culver's is coming to Chicago's South Loop, a real estate broker has confirmed.
A new vision for passenger rail is on track in southeastern Wisconsin. The MARK Passenger Rail Commission held its inaugural meeting on December 5, 2025, at Racine City Hall.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
Traffic at O'Hare International Airport is growing faster than expected, and this has Chicago city leaders wanting to make big changes to future construction plans at the airport.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Chicago's Cadillac Palace Theatre is hosting "The Phantom of the Opera," and staff offered a firsthand look at the iconic chandelier inside the theater this week.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
The warm and above-average conditions will stick around until Sunday, which is when our next cold front will slide through. Chief Meteorologist Albert Ramon has the latest.
First responders said their goal was to show these strong families they aren't alone.
Six trains were canceled on Christmas Eve due to the shortage. Riders are encouraged to check Metra's website for updates.
A Park Ridge salon owner has been cutting hair for more than 20 years, but some of her most important clients don't pay a dime.
Pope Leo XIV is celebrating his first Christmas as the leader of the Catholic church.
The main topic for shoppers was not the lines or the last-minute deals, but the warm weather.
Multiple cars were broken into this week in Chicago's Lincoln Park neighborhood.
Metra is running on a reduced schedule for Christmas Eve.
NORAD, the North American Aerospace Defense Command, tracks Santa's Christmas Eve flight around the world each year. Follow a live map of the tracker here.
As the 11-4 Chicago Bears prepare for their Sunday night matchup with the 11-4 San Francisco 49ers, one player earned an extra Christmas present from the league thanks to his impressive performance against the Green Bay Packers.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
Some Chicago area hospitals are at risk of significant flooding both in and around the buildings, according to new KFF Health News/Fathom models.
Lawmakers in Springfield are looking to address the high water bills being reported in some suburbs from customers of Illinois American Water.
Electric bills in the Chicago area could go up as much as $70 in the next three years because of data centers, according to the Citizens Utility Board.
Advocates and legislators are seeking solutions and and accountability for a pattern of Chicago police arresting Black gun owners on firearms charges despite valid FOID and CCL licenses.
As the 11-4 Chicago Bears prepare for their Sunday night matchup with the 11-4 San Francisco 49ers, one player earned an extra Christmas present from the league thanks to his impressive performance against the Green Bay Packers.
Travis Konecny scored and added his 300th career assist, leading the Philadelphia Flyers past the Blackhawks 3-1 and handing depleted Chicago its sixth straight loss.
The Bulls trailed 117-107 but closed the game on a 19-6 run.
Three Chicago Bears players have been named to the 2026 NFC Pro Bowl roster: safety Kevin Byard III, center Drew Dalman, and left guard Joe Thuney.
Murakami, or "Mune" as he likes to be called, was introduced on Monday on the South Side after signing a two-year, $34-million contract.
A woman was released on electronic monitoring Wednesday after authorities said she drove drunk and caused a crash that injured a family of four in Lombard, Illinois.
Multiple cars were broken into this week in Chicago's Lincoln Park neighborhood.
Four women have been charged with leading police on a high-speed chase after stealing from a retail store in the west Chicago suburb of Villa Park.
A woman has been charged with attacking four people at a CTA bus stop in the Lawndale neighborhood, including a woman she allegedly slashed with a broken beer bottle after threatening that woman's mother.
Three teens have been charged with sexually assaulting a classmate this past summer at a graduation party for St. Viator High School students.
