Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
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President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. The latest average of $4.50 a gallon is an increase of over $1.50 since the war started.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Gas prices put pressure on pocketbooks — and President Trump's ratings — as Iran war continues.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Shipping companies would take at least two months to resume operations in the Persian Gulf following a ceasefire in the region, according to the Eurasia Group.
President Trump warned the U.S. "hasn't even started destroying what's left in Iran," and previewed that strikes on bridges and power plants could be next.
U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.
Whether the Iran war-linked leap in the price of gas will give a shot in the arm to EV sales will depend on a variety of factors, experts say, so the answer isn't clear-cut.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
The average price across the U.S. now stands at $2.95 per gallon, down 8.5 cents from a week ago, according to GasBuddy.
Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.
AAA says on average domestic air fares are up 7% from last year, while gas is cheaper. CBS News senior transportation correspondent Kris Van Cleave found some last-minute deals.
Donald Trump will declare national energy emergency, with goal of allowing more energy production in Alaska.
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
An unidentified man was rescued Saturday night from a trench at a Wheat Ridge construction site after a passerby heard his cries for help.
The Colorado Bureau of Investigation says seven people have been indicted in connection with a large-scale operation known as "Molly Wonka."
Campers at Gore Creek Campground are currently required to use hard-sided campers, RVs or vehicles after a bear repeatedly damaged tents while searching for food.
It's been a years long effort to revitalize Aurora's historic downtown. The city and local stakeholders are getting closer to a plan, but some of the locals worry that plan may not include them.
Firefighters are honoring the quick action of two children and nearby medical professionals who saved a 4-year-old boy from drowning.
An unidentified man was rescued Saturday night from a trench at a Wheat Ridge construction site after a passerby heard his cries for help.
The Colorado Bureau of Investigation says seven people have been indicted in connection with a large-scale operation known as "Molly Wonka."
Campers at Gore Creek Campground are currently required to use hard-sided campers, RVs or vehicles after a bear repeatedly damaged tents while searching for food.
It's been a years long effort to revitalize Aurora's historic downtown. The city and local stakeholders are getting closer to a plan, but some of the locals worry that plan may not include them.
Firefighters are honoring the quick action of two children and nearby medical professionals who saved a 4-year-old boy from drowning.
The Colorado Bureau of Investigation says seven people have been indicted in connection with a large-scale operation known as "Molly Wonka."
Campers at Gore Creek Campground near Vail, Colorado, are currently required to use hard-sided campers, RVs or vehicles after a bear repeatedly damaged tents while searching for food.
A bat found at a home in Niwot has tested positive for rabies. Health officials are reminding residents to avoid touching wild animals, keep rabies vaccinations current and let animal control know if a bat has come into contact with a person or pet.
It's farmers' market season, and Nicole Jarman joined CBS Colorado on Saturday morning to share some of the best places and items to shop for.
Get ready, it's almost time for the Juneteenth Music Festival! Playing at the festival this year is R&B-jazz guitarist Gregory Goodloe, who stopped by CBS Colorado's studio on Sunday morning for a special live performance.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Denver Broncos outside linebacker Jonathon Cooper has been arrested for the second time in a week.
Denver Broncos owner and CEO Greg Penner announced that the team has signed a new five-year contract with coach Sean Payton.
The 2026 FIFA World Cup opening ceremony festivities got underway a little over an hour before the first kickoff in Mexico City's Estadio Azteca.
The X Games will take place at the Aspen Snowmass in Colorado over the next three years, thanks to a new host agreement.
President Trump issued an executive order in March 2025 ordering national parks to not display elements that "inappropriately disparage Americans past or living."
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
The U.S. military has killed Niño Guerrero, the alleged leader of Venezuela-based gang Tren de Aragua, President Trump announced Friday.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
A federal appellate court denied a last-minute attempt by the Trump administration to stop the removal of President Trump's name from the Kennedy Center on Friday.
Three former Colorado Attorneys General are weighing in on what it takes to be the state's chief legal officer, and casting doubt on whether Secretary of State Jena Griswold is qualified.
Colorado Attorney General Phil Weiser has accepted tens of thousands of dollars in campaign contributions that his opponent claims create a conflict of interest.
The U.S. military has killed Niño Guerrero, the alleged leader of Venezuela-based gang Tren de Aragua, President Trump announced Friday.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
A federal appellate court denied a last-minute attempt by the Trump administration to stop the removal of President Trump's name from the Kennedy Center on Friday.
For most children, kicking a soccer ball around the backyard is an everyday activity. For 6-year-old Hadley McMahon, it's something her family once feared they would never see.
The New World Screwworm was recently found in Texas and New Mexico. Now, state officials have announced an emergency rule to prevent the spread of the flesh-eating parasite into Colorado.
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Mishika Bhatia recently graduated high school and well into the research for a treatment for Polyendocrine Metabolic Ovarian Syndrome.
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
Nitenpyram is the first generic animal drug authorized to treat screwworms in dogs and cats, according to federal regulators.
SpaceX's stock closed the day at $160.95 after making its debut on the Nasdaq exchange.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
Colorado's legal marijuana industry was built on a promise: strict regulation would protect businesses and consumers, while tax revenue would support schools, roads and public programs. But one of the state's largest cannabis cultivators says that promise is beginning to break down.
Most parents assume they get to choose which health insurance plan covers their newborn. For one family, that wasn't the case.
Colorado's legal marijuana industry was built on a promise: strict regulation would protect businesses and consumers, while tax revenue would support schools, roads and public programs. But one of the state's largest cannabis cultivators says that promise is beginning to break down.
Brandin Kreuzer, the man whose 50-year prison sentence for shooting a sheriff's deputy was commuted by Colorado's governor, says he is ashamed of the violence he committed as a 19-year-old.
Construction on a much-anticipated 10-acre entertainment district in Glendale has come to a halt, with the developer and the city accusing each other of being responsible for the project going off the rails.
An Aurora fire lieutenant will remain demoted after he and a fellow firefighter ran an Aurora police sergeant off the road with a fire truck last year.