Oil Analyst Peter Beutel Says Higher Interest Rates Could Mean Lower Gas Prices
Oil company earnings won't drive down prices at the gas pump, but one oil analyst has an idea about what might.
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Oil company earnings won't drive down prices at the gas pump, but one oil analyst has an idea about what might.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.74, up 11 cents from last week.
The pain at the pump just keeps getting worse for drivers in the Tri-State area this morning.
Gas prices are pumped up across the Tri-State Area, and with seemingly no end in sight, drivers were lining up at area gas stations on Thursday to fill up before the prices soar again.
At first you might have thought your eyes were playing tricks on you, but they weren't. Gas prices hit $4.99 for premium in Stamford on Wednesday.
The national average for gasoline increased for 26 straight days and New York is now the sixth state to top $4 for a gallon of regular unleaded.
Police are even seeing incidents related to the price at the pump. Police said a Nissan Maxima driver asked for $20 worth of gas in Fort Lee, but sped off without paying, dragging the gas station attendant into the middle of Route 4.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.63, up 7 cents from last week.
In New Jersey, known for its cheap fuel, the average price per gallon for regular gas is now $3.61. In New York, it's $3.96. Connecticut drivers have it worst, with the average price for regular at almost four dollars a gallon.
The statewide average in New York, according to AAA, was $3.93 a gallon for regular. In Connecticut, prices rose by a penny to $3.94. In New Jersey, prices were a comparatively cheap $3.58.
AAA Mid-Atlantic says the average price of regular gasoline on Saturday was $3.44, up six cents from last week. And that's also much higher than a year ago, when New Jersey motorists were paying $2.63.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.38, down a penny from last week. But it's still much higher than a year ago, when New Jersey motorists were paying $2.63.
Motorists continue to see sharply higher prices at the pumps in New Jersey. AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.39, up nine cents from last week.
Weights and Measures officials cited a Delta gas station in Newark after inspectors found a pump dispensed a gallon less than it charged.
Senator Lieberman returned from a trip to the Middle East with the belief the U.S. must provide assistance.
There's seemingly no end in sight for the pain at the pump. The price of a gallon of regular gas jumped 17 cents on Friday, to about $3.26, on the New Jersey Turnpike and the Garden State Parkway.
It's hard not to think you're being gouged when you see the gas prices spike, and in some cases, you are. Aside from that, though, the buying and selling of gasoline is a complicated business based on anticipation as much as reality.
Gas prices are creeping up but one oil expert says he doesn't predict prices to hit the 2008 level.
AAA said the average cost of a gallon of gas jumped about 15 cents last week. Drivers are on the lookout for price gouging, but one local official said the city is allowing it to happen right under its nose.
While analysts debate the legitimacy of a connection between rising gas prices here in the U.S. and unrest in Libya, drivers in our area continue their never-ending search for a bargain at the pump.
Drivers have been reeling at the rapid rise in the cost of gas, and worries have cropped up that some prices are being pumped up to scam consumers. On Sunday, a pair of New York State lawmakers called for action.
Libya exports less than 2-percent of the world's oil, and that fuel is weeks away from actually being sold at the pump. So why are gas prices here steadily on the rise now?
Because of the unrest in Libya, oil prices briefly touched $100 a barrel Wednesday for the first time since 2008. It's a development that's expected to have a ripple effect on prices across the board.
The current average price for regular gasoline in the Tri-State Area is about $3.27. The unrest in Libya could drive that even higher.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.04, down a penny from last week.
A new report is detailing just how much homelessness in New York City is negatively impacting students.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
Early voting is underway in the New Jersey special election to fill the U.S. House seat vacated by Gov. Mikie Sherrill.
A Coast Guard crew rescued four people after they were stranded on a yacht off the coast of Long Island during bad weather over the weekend.
The child plunged from a third-story fire escape on East 167th Street and Washington Avenue in Morrisania, police sources said.
A new report is detailing just how much homelessness in New York City is negatively impacting students.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
The child plunged from a third-story fire escape on East 167th Street and Washington Avenue in Morrisania, police sources said.
The NYPD is searching for a group of men who tried to steal four luxury cars from Hell's Kitchen, only to be stopped by the parking garage door closing on them.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
Rain has returned for Easter Sunday in the New York area after the holiday weekend kicked off with May-like weather.
UConn's jaw-dropping buzzer beater catapulted them to the Final Four.
Bridgeport firefighter Terrence Cramer was killed after his girlfriend's ex shot him in a fit of rage at a Connecticut home, according to an arrest warrant.
Early voting is underway in the New Jersey special election to fill the U.S. House seat vacated by Gov. Mikie Sherrill.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
The move would reduce the minimum uninsured motorist coverage for ride-share services from $1.5 million to as low as $35,000.
Fire officials are investigating the cause of a multi-alarm fire at a former chemical manufacturer in Paterson, New Jersey.
Rain has returned for Easter Sunday in the New York area after the holiday weekend kicked off with May-like weather.
A Coast Guard crew rescued four people after they were stranded on a yacht off the coast of Long Island during bad weather over the weekend.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
Patrick Roy has been abruptly fired as head coach of the New York Islanders.
Stony Brook University professor Timothy Glotch is one of 10 scientists selected to shape research plans for NASA's next Artemis missions.
A Long Island man accused of shooting his sister in the head with a crossbow pleaded not guilty to attempted murder Thursday.
Early voting is underway in the New Jersey special election to fill the U.S. House seat vacated by Gov. Mikie Sherrill.
NASA Administrator Jared Isaacman outlined the most critical moments he expects in the coming days as Artemis II astronauts continue their journey around the far side of the moon.
A U.S. crew member who went missing when an F-15E fighter jet was shot down over a remote area of Iran has been rescued by U.S. forces.
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
President Trump ordered the Department of Homeland Security to find a way to pay "each and every employee" of the agency.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
Megan Thee Stallion was released from a New York City hospital after she got sick during a performance of "Moulin Rouge! The Musical."
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
Will Cuylle recorded his first NHL hat trick and the Rangers dealt the playoff-hopeful Capitals a blow with an 8-1 win on Sunday night.
Jacob Markstrom made 18 saves for his first shutout of the season and the Devils beat Montreal 3-0 on Sunday night, ending the Canadiens' eight-game winning streak.
Pinch-hitter Graham Pauley had a go-ahead, two-run double in a four-run eighth inning, and the Marlins held off the Yankees 7-6 on Sunday.
Nolan Traore hit five 3-pointers and finished with 23 points and seven assists, Jalen Wilson added 19 points and the Nets beat the Wizards 121-115 on Sunday.
Preparations for Passover in Brooklyn blend centuries-old rituals with modern traditions unique to each family.
New York has filed a lawsuit against solar company Attyx, saying it didn't just sell panels, it sold promises it couldn't keep.
Long before Manhattan's iconic street grid took shape, an English widow planned a Brooklyn community that helped shape the city today.
The Center for Brooklyn History showcase examines the Battle of Brooklyn through rare maps, paintings, and historical artifacts from the American Revolutionary War.
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A 5-year-old boy plunged from a third-story window in the Bronx Monday morning, police said. CBS News New York's Lisa Rozner reports.
A diplomatic effort is underway to avoid a major escalation in the Iran war. Hanging over the effort is Mr. Trump's profanity-laced threat to destroy Iran's power plants and other civilian infrastructure if Tehran doesn't agree to a deal to reopen the Strait of Hormuz by Tuesday evening. Natalie Brand reports.
It's a sunny afternoon for the Tri-State Area, but the wind is keeping it chilly. There could be a passing shower with snow potentially in northern communities. CBS News New York Meteorologist Tony Sadiku has the forecast.
5-year-old boy plunged from a third-story window in the Bronx Monday morning, police said. It happened around 10:30 a.m. at East 167th Street and Washington Avenue in Morrisania.
Today show co-host Savannah Guthrie was back on air Monday morning more than two months after her mother disappeared from her Arizona home. CBS News New York's Mary Calvi reports.
