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?
As of Saturday, AAA reported Florida's average diesel fuel price at $5.54 a gallon.
Major carriers and small business owners alike are passing higher fuel costs onto customers as gas prices soar, squeezing profits for businesses and gig workers across Florida.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
The national average for gasoline on Wednesday was $4.15 a gallon, up a penny or two just since Tuesday, according to Gas Buddy petroleum analyst Matt McClain.
Gas shortages and skyrocketing prices hit Miami, forcing some stations to run out of fuel and drivers to dig into their savings.
Some South Florida drivers say they are opting to stay home instead of filling up their gas tank.
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.
To help consumers navigate the higher costs of food and goods, CBS News Miami spoke with Mark Hamrick, the Senior Economic Analyst at Bankrate.
Experts attribute the interruptions to supply chain disruptions and a surge in demand, tied in part to panic buying.
U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushed U.S. gas prices over the $4 mark.
Experts report the national average for gasoline has reached $4.01, the highest level since August 2022, following the start of the Russian war against Ukraine.
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.
According to AAA, the average cost for a gallon of gas in Florida as of Monday was $3.95.
According to a Nova Southeastern University economics professor, necessities such as groceries could become more expensive as fuel costs used to ship goods continue to rise.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
Reggie Mignon, owner of Hollywood Collision Center for nearly 20 years, shared several tips, including when to fill up, car maintenance, and managing cargo.
The U.S. average gas price has jumped 48 cents since last week, with experts predicting that higher fuel costs could persist for months.
Gas prices surged by a dollar in just a week across South Florida as uncertainty over the war in Iran rattled oil markets.
According to AAA, Florida's new average for a gallon of gas rose $0.56 in the last week.
The concern is warranted, as AAA Florida spokesman Mark Jenkins confirms more price increases are likely.
Americans are now paying an average of $3.246 per gallon, up 26 cents since last week and the highest level since April 2025.
Darian Mensah threw for 338 yards and three touchdowns as the Hurricanes improved to 4-0 ahead of their ACC opener at Clemson.
The FAA is investigating a software glitch in some Boeing 737 Max jets that could prompt an automated flight guidance system to disengage during an aborted landing.
Supporters say the plan could bring investment, affordable housing and economic development while allowing longtime residents to remain in the neighborhood.
The White House said the two leaders agreed on using the term "super intelligence" rather than "artificial intelligence" to describe the technology.
Police have identified similarities in some of the killings but said they had not found conclusive evidence that the same person or people were responsible.
Darian Mensah threw for 338 yards and three touchdowns as the Hurricanes improved to 4-0 ahead of their ACC opener at Clemson.
The FAA is investigating a software glitch in some Boeing 737 Max jets that could prompt an automated flight guidance system to disengage during an aborted landing.
Supporters say the plan could bring investment, affordable housing and economic development while allowing longtime residents to remain in the neighborhood.
The White House said the two leaders agreed on using the term "super intelligence" rather than "artificial intelligence" to describe the technology.
Police have identified similarities in some of the killings but said they had not found conclusive evidence that the same person or people were responsible.
An FIU expert says the timing of the Army's Cuba planning message may be tied to South Florida political interests.
Some units would "possibly [be] needed in 90-120 days," according to an internal Army message reviewed by CBS News.
One Cuba resident said there is "no way to know" when power will be restored to the island nation.
Former Cuban President Raúl Castro has reappeared in public at a military event celebrating an army branch's anniversary.
Diario Las Américas, a Miami-based Spanish-language newspaper, reported Tuesday that Castro is seriously ill, citing a confidential source in Cuba close to his inner circle.
Venezuelan opposition leader María Corina Machado tried 3 times to enter her country "by air and sea but has been turned away each time," her team says.
Many Venezuelan immigrants are shunning Florida and turning instead to communities in places like Utah.
Alex Saab, 54, was deported in May by Venezuela's acting President Delcy Rodriguez to the U.S.
Former Venezuelan President Nicolás Maduro and his wife asked a judge to toss their drug trafficking indictment on the grounds that they have immunity as the leader and first lady of a foreign country.
The deal involves developing 17 strategic oil fields in Venezuela, an undertaking that experts said could take years.
The Democrat says rapidly advancing technology requires Congress to act before safeguards fall behind.
Families say months without court-ordered treatment can worsen psychiatric crises behind bars.
A former Republican Congressman turned Democrat, Jolly is running as a moderate voice, arguing that it is time for change after decades of Republican rule in Tallahassee.
Scott Singer, the former mayor of Boca Raton, discusses winning his primary and what's next in the race.
Former prosecutors question why a grand jury found $10 million misappropriated but charged no one.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
Employer health benefit costs are projected to see the steepest increase next year since 2003. That could mean higher deductions and out-of-pocket costs for workers.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Challenging documentaries and award-winning features are among the offerings of New York City's leading cinema event, starring such luminaries as Pedro Pascal, Adam Driver, Scarlett Johansson, Julianne Moore and Godzilla.
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
An autopsy by the Greenville County Coroner's Office determined Hayden Panettiere's death was due to an accidental overdose of several drugs, including fentanyl.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."