Recession concerns mount, but cautious optimism about some prices falling
Recession – it’s a word we hear a lot lately. CBS 2's Chris Tye reports on some concerns, and some cautious optimism on one front.
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Recession – it’s a word we hear a lot lately. CBS 2's Chris Tye reports on some concerns, and some cautious optimism on one front.
In the suburbs, the average price is $5.34 a gallon, down 54 cents since June.
Unfortunately, you will not find any Sheetz gas stations in the Chicago area.
The idea, which would require the support of Congress, is already being met with skepticism.
"It's unfortunate that they had to do it that way, because not only were we out the gas, but we were out the repair and the timeframe to get the truck back."
Experts say gas prices could lead to demand destruction when drivers change their habits to save money.
We found premium gas in Chicago going for $7.29 a gallon on Thursday. That is a figure higher than the federal hourly minimum wage in a dozen states. CBS 2's Marissa Perlman reports.
GasBuddy said demand usually starts to fall in August, which could help the cost of gas to drop.
According to AAA, the average price of a gallon of regular unleaded gasoline is $5.12 as of Tuesday morning.
For the third time, businessman and mayoral candidate Willie Wilson is giving drivers the chance to get free gas at more than a dozen locations.
Wilson, who has announced he is running for mayor for a third time, plans to give away $1 million in free gas on Saturday, but has yet to say where.
"At its core, we're taking resources and putting them towards working class people, and to that extent, I find it hard to be against that," Ald. Michael Rodriguez (22nd) said.
Most of the lower prices are in the Midwest -- except Illinois
Washington is also taking action on high gas prices. On Thursday it was announced one million barrels of the country's oil reserve will be released.
The president criticized oil companies for failing to produce what the country needs, while sitting on "record profits."
Many are pointing out the fact that both Mayor Lightfoot and Willie Wilson may be eyeing the same job.
A man is facing criminal charges for hopping a fence at Midway International Airport, a private developer has purchased the Thompson Center, help is on the way to address soaring gas prices, and former Vice President Mike Pence has rolled out a Republican policy platform.
Up to 50,000 prepaid $150 gas cards that can be used at any filling station will be given out through a lottery system, starting in May.
With high gas prices, rideshare drivers say they can't make ends meet with their stagnant wages.
After two gas giveaways, businessman Willie Wilson is now pushing local lawmakers to suspend the gas tax.
Hundreds lined up Thursday for the free gas giveaway from former Mayoral candidate and businessman Dr. Willie Wilson.
Round two of the big Chicago area gas giveaway begins Thursday morning at 7 a.m. – and with a steep increase in prices lately, many say it is a big help they need during tough times.
On Thursday morning, a polarizing event is set to commence – the giveaway of $1 million in gas.
A $1 million gas giveaway is set for Thursday. But the southwest suburb of Alsip managed to stop philanthropist Willie Wilson from bringing his free fill-ups there.
Thursday's gas giveaway will start at 7 a.m. at 50 gas stations in Chicago and the suburbs.
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
Just over two weeks until more than a million students across Illinois will head back to their classrooms.
Two people were injured after a crash involving an ambulance on I-57 in Calumet Park on Thursday night.
The Boston Red Sox rallied to beat the Chicago White Sox 12-11 Thursday night in a game that lasted more than four hours.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
As Chicago's civilian police oversight body begins the process of searching for a new police superintendent, it has scheduled a series of meetings to gather public input.
Federal officials who want immigration agents to detain and deport Cook County Jail inmates have threatened Sheriff Tom Dart with prosecution if he doesn't give them access.
The Supreme Court in June struck down President Trump's earlier executive order aimed at ending birthright citizenship.
Republican Sen. Mitch McConnell of Kentucky was hospitalized on June 14.
The Senate Homeland Security Committee voted to hold Dr. Anthony Fauci in contempt of Congress over his refusal to answer questions during testimony before the committee last week.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
A shooting at a high school in Thailand left five people dead after a teen killed his grandparents, officials said.
Chicago authorities are investigating a Chicago funeral home after more than 50 decomposing bodies were found in the facility. "I live right next door," Neighbor Valkiery Velez told CBS News Chicago. "I lived there for like a year, so like I could smell it the whole year."
As students head back to the classrooms, the state sales tax drops starting Friday.
Meteorologist Laura Bannon is tracking rain in the Chicago area.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
An investigation was underway Thursday evening at a Far South Side funeral home, after more than 50 decomposing bodies were found in the facility.
Just over two weeks until more than a million students across Illinois will head back to their classrooms.
Federal agents who want to detain and deport Cook County Jail inmates have threatened Sheriff Dart with prosecution if he doesn't give them access.
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
Two people were injured after a crash involving an ambulance on I-57 in Calumet Park on Thursday night.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Security video captured the moment a utility pole fell in a parking lot behind a La Grange Park, Illinois, animal hospital, igniting a fire that destroyed multiple cars.
An Illinois Tollway glitch that left thousands of drivers with unexpected warnings about unpaid tolls stemmed from an extra digit in codes within the system's computers, according to records obtained through a Freedom of Information Act request.
A South Holland woman said she was left high and dry after paying thousands of dollars to have her swimming pool fixed, only for the contractor to vanish.
An Elgin man has seen what he thought was the deal of a lifetime turn into weeks of frustration after a fake tracking number scam left him without goods or a refund after buying a game system on eBay.
The Boston Red Sox rallied to beat the Chicago White Sox 12-11 Thursday night in a game that lasted more than four hours.
Pete Crow-Armstrong scored on a throwing error in the 11th inning after Alex Bregman hit a two-strike, two-out homer in the ninth, and the Chicago Cubs rallied for a 3-2 win over the Toronto Blue Jays.
Wilyer Abreu homered for the fourth time in three games and the surging Red Sox beat the White Sox 4-0 on Wednesday night.
Chicago Bears right tackle Darnell Wright is very grateful for his historic four-year, $116 million contract extension. Wright thanked general manager Ryan Poles, who used his first 1st round draft pick to pick Wright 10th overall in 2023.
Chicago State University's new football team is just a couple weeks away from the first game of the Cougars' inaugural season.
A man has been charged with breaking into a home in west suburban Darien before leading police on a high-speed chase to his own home in southwest suburban Homer Glen.
Police in the southwest Chicago suburb of Lockport were investigating a crash-and-grab burglary at a pizzeria early Thursday.
Chicago police on Thursday were investigating a break-in at a bar in the Garfield Ridge neighborhood.
A candy store in Chicago's West Ridge community was burglarized early Thursday morning.
The Milwaukee mosque leader's former Israeli attorney testified in immigration court that Sarsour was coerced into confessions and was never convicted of any charge linking him to a terrorist organization.
