Gas prices surge just before Labor Day, as diesel hits record high
Diesel hit a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022.
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Diesel hit a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022.
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.
The deal involves developing 17 strategic oil fields in Venezuela, an undertaking that experts said could take years.
Just when it looked like relief was heading our way at the gas pump, prices could spike once again in Pittsburgh.
The national average for a gallon of gas reached $4.003 on Monday, the first time in over a month it has crossed that threshold, AAA data shows.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
The vice president says the U.S. and Iran are "very close" to a deal, but are "not there yet." Meanwhile, the U.S. struck Iran, which retaliated against a U.S. base.
As the Trump administration signals hope for a possible deal, Iran says obstacles linger and that "frequent changes" in U.S. positions aren't helping.
President Trump is expected to encourage China to pressure Iran to make a deal to end the war when he visits Beijing this week and meets with President Xi Jinping.
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
The leaders of Lebanon and Israel agreed to start a 10-day truce at 5 p.m. Eastern Time Thursday.
President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire that was contingent on the reopening of the Strait of Hormuz.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
U.S. drivers are likely to see lower prices at the pump this year amid lower global oil prices and strong crude production.
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.
Americans preparing to hit the road for Memorial Day are likely to find lowest fuel prices in years, according to Gas Buddy.
The International Energy Agency is predicting an oil glut by 2030 due to increased production and lower demand.
Many neighbors in West Deer are fighting back against proposed gas wells in their community.
Approximately 4,000 Columbia Gas of Pennsylvania customers are temporarily without natural gas service.
There are concerns here in the United States that prices at the gas pump could soar as the war between Israel and Hamas is impacting crude oil prices and rattling global stocks.
