Gas prices set to rise in New Jersey
Officials said the increase is needed because gas consumption fell below state projections. CBS New York's Jessica Moore reports.
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Officials said the increase is needed because gas consumption fell below state projections. CBS New York's Jessica Moore reports.
Labor Day weekend is here, and millions of Americans --an estimated 148 million according to one survey -- aren't planning to stay home. CBS News senior transportation correspondent Kris Van Cleave has the latest on the travel rush.
Gas prices dropped in New Jersey and also ticked down across the nation at large.
Google's annual "Year in Search" report ranked leading queries that included the term "near me" across the U.S. this year.
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
After all our pain at the pump, gas prices are now cheaper than they were a year ago.
President Biden announced the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.
Here at home, Connecticut Sen. Richard Blumenthal is already taking action. CBS2's Zinnia Maldonado has more.
Gas prices rose across the nation after major oil-producing countries announced plans to cut production.
The national average price for a gallon of regular gasoline was $3.79, an increase of 11 cents from last week.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Analysts still say hurricane season remains a "wild card" that could disrupt oil production and refining along the Gulf Coast.
Analysts say declines in global oil prices and modest demand helped ease prices from the all-time records set in June.
Analysts warn hurricane season may disrupt oil production in the Gulf of Mexico.
Analysts say falling prices at the pump may eventually lure more drivers back onto the road.
AAA says the average price of a gallon of regular in New Jersey on Friday was down 13 cents from last week.
Declining oil prices and somewhat lower demand for gas since motorists have been driving a little less have combined to give Americans some relief at the pump.
Drivers have been cutting their miles traveled since March in response to high prices at the pump, one survey shows.
The Senate's nonpartisan rules arbiter has dealt a blow to Democrats' plan for curbing drug prices.
The nationwide average for a gallon of regular plunged to $4.36 per gallon.
The nationwide average for a gallon of regular plunged to $4.36.
While gas prices soared in June, we are now seeing a steady decline.
The average gas price in the United States has fallen 19 cents to $4.86 per gallon.
If you're hitting the road instead of flying over the holiday weekend, it will cost you more than last summer.
The idea, which would require the support of Congress, is already being met with skepticism.
