Inflation surged in September as U.S. energy costs jumped
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
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Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Just weeks before the midterm elections, 90% of Americans say prices in the U.S. are the main factor shaping their view of the economy. These charts show why.
Average U.S. diesel prices remain stuck above $6 a gallon, raising fuel costs in trucking, agriculture and construction.
President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.
Regulators estimate the new rule will result in an average of 34.9 miles per gallon by model year 2031, down from an earlier projection of 50.4 mpg.
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
The average price of regular gas was $4.15 a gallon on Labor Day, well above the Labor Day weekend record of $3.82 from 2012, and diesel was at a new all-time record of $5.90.
Iran on Sunday threatened a "more painful" response to U.S. strikes on three Iranian oil tankers.
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.
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
E15 is usually only available part of the year to help ease high gas prices under a waiver from the EPA.
Most suspect Iran nuclear program not stopped and think conflict wasn't worth the costs.
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
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.
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.
