Gas Prices Surging, But Increase Not Expected To Last
If you've filled your tank in the past couple days, you've probably noticed a sudden spike in gas prices.
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If you've filled your tank in the past couple days, you've probably noticed a sudden spike in gas prices.
If you've filled up your tank in the past few days, you've probably noticed prices at the pump have started rising again.
CBS 2's Jim Williams reports months ago governments they didn't anticipate today's plunging oil prices, so now they have extra money. But one analyst warns: don't be so quick to spend it on other things.
That gas station on the corner that's been selling gas under $2 is suddenly up by 10-15 cents today.
You've probably noticed by now that gas has fallen to its lowest price in almost a decade. Drivers are now asking themselves how long will it last?
Phil Flynn, senior energy analyst at The PRICE Futures Group said it's the result of a price war being waged between OPEC – especially Saudi Arabia – against American energy producers.
If you're feeling a little giddy when it's time to refuel, you're not alone, reports WBBM's John Cody.
Falling gas prices are great news for motorists and maybe not so good for U.S. companies down the road.
Motorists will continue to enjoy the lower prices at the gas pump.
Drivers are doing double takes when they go to fill up.
Gas prices have been coming down recently and motorists are liking what they see.
The average price of a gallon of regular unleaded in Illinois was $3.46 on Friday, down about 10 cents compared to last month, according to the AAA. In the Chicago area, the average price is $3.61, and prices are even lower across the region.
You might be sad to see the warm days of summer drawing to a close, but, WBBM's Regine Schlesinger reports the change of seasons brings good news for consumers.
Nationally, gas prices were at a six-year high for this time of year, hitting a U.S. average Tuesday of $3.67 a gallon for unleaded regular. That's up 18 cents from a year ago. Average regular gasoline prices were even higher Tuesday in Illinois, at $3.83; in the Chicago area, at $3.98; and in Chicago, at $4.23.
With 41 million Americans expected to travel this year, highways and airports will be packed with travelers looking to take advantage of the 3-day weekend.
The insurgent violence in Iraq and threats to oil facilities there have pushed the price of crude oil to more than $107 per barrel. That has translated to higher gasoline prices, nowhere higher than Chicago.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said even he was surprised at how much gas prices jumped on Thursday, just in the time between when he went to work and when he got home.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com said lingering effects of the harsh winter were to blame for the recent spike in gas prices.
Pain at the pump? CBS 2's Derrick Blakley tells us what's behind the latest spike.
Gasoline prices in Chicago are at their highest levels in six months.
Average retail gasoline prices in Chicago have risen 4.8 cents per gallon in the past week, averaging $3.46 on Sunday.
A day after CBS 2's Ed Curran reported on plummeting gasoline prices, they've spiked in a matter of hours. On a day with no new war, no natural disaster, what's going on?
There were some initial fears the Citgo refinery in Lemont could be shut down completely for six months or more, after a large fire last Wednesday night.
A fire overnight at an oil refinery in southwest suburban Lemont could affect prices at the pump in Chicago.
The mayor of southwest suburban New Lenox has had enough with high gas prices in his town, and he wants to do something about it.
Two-time Gold Glove shortstop Dansby Swanson was held out of the Cubs' starting lineup for a second straight game.
The group Pastors Organized With Equity and Respect, or POWER, says they are launching a citywide campaign urging parents to speak with their kids about the consequences of teen takeovers.
The cause of the explosion remains under investigation.
Chicago police said the woman was on a motorcycle and was traveling westbound on Irving Park Road when she lost control and struck a guardrail.
Brandon Marsh homered for the third straight day and drove in two runs as the Phillies beat the White Sox in South Philly.
Attorneys for the now-cleared "Broadview Six" defendants are seeking any possible evidence of pressure from White House officials on the U.S. attorney's office in Chicago to secure an indictment against the group.
In a surprise move, Gov. JB Pritzker announced Friday that he is putting a pause on all new state tax incentives for data centers and calling on lawmakers to pass new data center reforms during the fall veto session.
CBS News obtained a brief voice memo from Iranian American journalist Reza Valizadeh, who is being detained in Iran's Evin Prison and is pleading for help for him and other American captives.
New legislation in Illinois means new rules for electric bikes, scooters, and similar devices. Supporters of the legislation said the goal is to prevent injuries and fatalities, but some e-bike riders question the additional cost that would be involved.
Senate Republicans passed funding for the Department of Homeland Security's immigration enforcement agencies following a "vote-a-rama." The measure didn't ban the administration's "anti-weaponization" fund.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
As thousands of Chicagoans wrap up road trips over the Memorial Day holiday weekend, gas prices in the city have reached the highest levels seen in four years.
Consumer and environmental advocates said Monday that they found overcharges buried in the most recent rate-hike request by Nicor.
One week away from Memorial Day weekend and the unofficial start of the summer travel season, with gas prices remaining high, negotiations were set to resume Monday at the largest oil refinery in the Midwest.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
June is World Infertility Awareness Month, and Northwestern Medicine on Monday shared the story of a woman who is celebrating the birth of her second child after a tumor disrupted her fertility.
The Centennial Park Aquatic Center in the southwest Chicago suburb of Orland Park has been closed to the public after two recent cases of E. coli infection.
Menopause can feel like a major turning point for millions of women, with symptoms like fatigue, weight gain, and brain fog can make women feel like their bodies aren't their own.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Chicago Bears quarterback Caleb Williams is on the cover of Madden NFL 27, the first Bear ever to grace the primary cover of the massively popular video game.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
You may never have heard about it, but before Bob Dylan got to Manhattan and blazed his trail to fame, he spent about a month on and around the University of Chicago campus.
Joe Negri, known to many as Handyman Negri on "Mr. Rogers' Neighborhood," has died at the age of 99, just days shy of his 100th birthday.
Jonathan Rinderknecht is charged with setting the historically destructive fire that claimed the lives of a dozen people and scorched thousands of homes and businesses.
More than a million people filled the streets in Madrid for an open-air Mass with Pope Leo XIV.
The United States Lawnmower Racing Association has dozens of chapters across the country and is headquartered in Northbrook.
The incident unfolded in the westbound lanes near Mannheim Road just after 10 a.m. on June 4, 2026.
The actress gave a shoutout to her theater friends from her days at Illinois State University, who later joined her as original members of Steppenwolf Theatre.
Stacey King, who played on the first three NBA Champion Chicago Bulls teams with Michael Jordan in the 1990s, has died.
The cause of the explosion remains under investigation.
A woman was left in critical condition early Sunday after she was shot and wounded on a residential street in Chicago's Lincoln Park neighborhood.
Multiple young people were in the hospital early Sunday morning following two separate shootings blocks and hours apart in Chicago's Bronzeville community.
Israel said Sunday that Iran has launched missiles at it in the first such bombardment since a fragile ceasefire took effect in early April.
The Obama Presidential Center has been built with sustainability literally in its foundation. But its infrastructure for clean energy, environmentalism and climate change resiliency will also help the communities around it on Chicago's South Side.
A driver in Carol Stream says a band of hungry squirrels caused nearly $30,000 in damage to three different luxury vehicles because of plant-based parts they view as a tasty snack.
Legislation protecting Illinois customers receiving professional massages from sexual assaults and harassment is now on its way to Gov. JB Pritzker for his signature.
Could banning cell phones make Illinois classrooms better places to learn? State lawmakers are betting on it, sending a bill to Gov. JB Pritzker's desk to do exactly that.
Feel Free, a kratom drink, is easy to buy and increasingly popular, even as doctors and medical experts grow more concerned about its health impacts, addiction rates and deaths.
Two-time Gold Glove shortstop Dansby Swanson was held out of the Cubs' starting lineup for a second straight game.
Brandon Marsh homered for the third straight day and drove in two runs as the Phillies beat the White Sox in South Philly.
Stacey King, who played on the first three NBA Champion Chicago Bulls teams with Michael Jordan in the 1990s, has died.
Jacob Gonzalez hit his first major league home run, Colson Montgomery also went deep and the Chicago White Sox defeated the Philadelphia Phillies 6-3.
Golden Tempo made Cherie DeVaux the first woman to train a Kentucky Derby winner and the second woman to train a Belmont Stakes winner.
Police in the west Chicago suburb of Lombard were investigating a homicide that took place in a residential building this weekend.
A woman was left in critical condition early Sunday after she was shot and wounded on a residential street in Chicago's Lincoln Park neighborhood.
A man was due in court Sunday in connection with a deadly shooting on Chicago's Southwest Side nearly eight years ago.
Multiple young people were in the hospital early Sunday morning following two separate shootings blocks and hours apart in Chicago's Bronzeville community.
Two men were killed, including a beloved Chicago chef, and five others were injured in a mass shooting in the Back of the Yards neighborhood early Friday.
