Chart shows what you're paying for when you buy a gallon of gas
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?
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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?
Plunging oil shipments transiting the Strait of Hormuz have sent global energy prices soaring to their highest level in years.
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.
Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
A Canadian airline suspends flights to Cuba as U.S sanctions and Trump's tariff threats force Havana to warn carriers there's no way to refuel on the island.
The U.S. has seized seven Venezuelan-linked oil tankers since Dec. 10, 2025.
The Trump administration has not yet disclosed many details about the deal.
President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far more complicated, experts note.
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.
The Trump administration is proposing to auction offshore oil drilling leases across new portions of the U.S. coast as soon as 2026, according to internal documents viewed by CBS News.
CBS News looked at the cost of producing coal, gas, nuclear, wind and solar energy to determine which is the cheapest.
The first commercial carbon storage facility has been inaugurated off Norway's coast, but is storing CO2 deep under the seabed really the answer?
BP's stock price rose while Shell shares slid on news that the companies are in early talks over a potential merger.
Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.
As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.
Shortening permitting procedures for mining and oil drilling could adversely affect the environment, communities and endangered species, experts say.
The controversial Crowsnest annexation petition in Castle Pines has been withdrawn by the developer, as Castle Pines prepares to consider creating an annexation policy.
Erie officials say they may shut off water to homes that ignore irrigation restrictions, calling the move an "extraordinary" step as unseasonably warm weather strains the town's limited winter supply.
Nathan MacKinnon had three assists in Colorado's 4-1 victory over the Chicago Blackhawks, helping the Avalanche become the first NHL team to clinch a playoff spot this season.
The Colorado State women's basketball team is heading home after a disappointing loss in the opening round of the NCAA Tournament on Friday night.
Officials on Colorado's Front Range are asking the public to be on the lookout for a man who police believe cut off his ankle monitor and is attempting to avoid imprisonment for crimes of sexual assault on a child.
The controversial Crowsnest annexation petition in Castle Pines has been withdrawn by the developer, as Castle Pines prepares to consider creating an annexation policy.
Erie officials say they may shut off water to homes that ignore irrigation restrictions, calling the move an "extraordinary" step as unseasonably warm weather strains the town's limited winter supply.
The Colorado State women's basketball team is heading home after a disappointing loss in the opening round of the NCAA Tournament on Friday night.
Officials on Colorado's Front Range are asking the public to be on the lookout for a man who police believe cut off his ankle monitor and is attempting to avoid imprisonment for crimes of sexual assault on a child.
For Denver Water users, the Board of Water Commissioners will consider possible mandatory watering restrictions.
For Denver Water users, the Board of Water Commissioners will consider possible mandatory watering restrictions.
The Denver Center for the Performing Arts is planning to pick one lucky teenager in Colorado to sit in the pit during a live performance of the hit Broadway musical "Hell's Kitchen."
The unusual season is changing how people use outdoor facilities and how the City of Aurora manages them.
The Denver Center for the Performing Arts Broadway and Cabaret announced the 2026-2027 season on Tuesday.
On Friday, Denver broke a 119-year-old temperature record when it reached 81 degrees. The old record for March 20 was 80 degrees set in 1907.
Nathan MacKinnon had three assists in Colorado's 4-1 victory over the Chicago Blackhawks, helping the Avalanche become the first NHL team to clinch a playoff spot this season.
The Colorado State women's basketball team is heading home after a disappointing loss in the opening round of the NCAA Tournament on Friday night.
The Colorado State University women's basketball team is headed to the Big Dance, as the Mountain West Champions are set to play in March Madness for the first time since 2016.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Colorado state Rep. Yara Zokaie says her relatives in Iran are struggling as the U.S. and Israeli's war with Iran continues.
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon.
Border czar Tom Homan is expected back on Capitol Hill later Friday for bipartisan talks.
On Thursday, Colorado Congresswoman Lauren Boebert said she's against any additional funding for the war, stating that the nation needs to prioritize "America First policies right now."
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
Two Colorado lawmakers have proposed a bill to address racial disparity when it comes to maternal mortality rates.
The federal class-action lawsuit claims that, for years, state officials have known that they're harming already vulnerable children by keeping them in detention, even after judges have said they should be released.
Colorado voters will decide whether transgender children can play sports with the gender that matches their gender identity or whether they'll be forced to play with other children of the same gender they were assigned at birth.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
One day after DIA's general counsel filed a federal lawsuit against the city and three of Mayor Mike Johnston's appointees -- alleging unethical and potentially illegal behavior, and claiming they were plotting to oust airport CEO Phil Washington -- one of the appointees, City Attorney Miko Brown, responded by saying of the claims in the lawsuit, "I know they're upsetting."
A woman whose aging mother was charged thousands of dollars to change a lock reached out to CBS Colorado in hopes that the station would help them get the money back.
A senior lawyer at Denver International Airport filed a federal lawsuit against the city and three top officials, claiming he was pushed out of his job after warning about possible alleged violations of law and more.
A CBS Colorado investigation has found Denver may now be subsidizing fire protection for neighboring cities -- despite deals that were supposed to save money -- as the city faces deep budget cuts and layoffs.
Eleven Denver City Council members voluntarily reimbursed the city for 2025 furlough days with reimbursement amounts ranging from $762.60 up to $1,969.92. Most of the council members' reimbursements were around $1,300.