Trump says Russia will release millions of tons of diesel to help with costs

Russian President Vladimir Putin agreed to release 300,000 tons of diesel immediately and millions more over the coming months.

• Oct 10

Trump touts diesel deal with Putin

President Trump says Russia has agreed to release millions of tons of diesel fuel over the next several months in an attempt to combat high prices amid the Iran war. The move comes weeks ahead of the U.S. midterm elections.

• Oct 10

10/10: CBS Saturday Morning

Isaias makes landfall, President Trump's Russian diesel deal, plus the search for Amelia Earhart. All this and more.

• Oct 10

Trump temporarily expands use of red-dyed diesel. Will it lower costs?

Experts say the new executive order will have a limited impact on farmers and truckers who rely on diesel.

• Oct 7

Trump and Rubio question U.K. handling of possible plot against air base

Rubio claims a possible terror plot against a U.K. air base used by U.S. forces "clearly involved" a foreign actor, but there are few facts to support that.

• Sep 29

Gas prices could soar if the U.S. bans diesel exports, economists say

President Trump said he is "very seriously" considering a ban on diesel exports. But such a move could drive U.S. gas prices sharply higher, analysts said.

• Sep 28

Soaring U.S. diesel prices slam local communities as fuel costs surge

The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.

• Sep 25

Would a diesel export ban lower prices?

Oil prices continue to rise as a result of the war with Iran. The average cost of regular gas is now $4.48, and diesel is $6.53, according to AAA. Yahoo Finance reporter Brooke DiPalma has more on whether a diesel export ban would be effective in curbing gas prices.

• Sep 24

Diesel prices just hit a new record. Would a U.S. export ban bring relief?

Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.

• Sep 23

Diesel prices hit all-time high

Diesel prices hit an all-time high Tuesday of $6.52 per gallon on average. Kris Van Cleave has more.

• Sep 23

High prices squeezing American farmers

America's farmers face a tough harvest this year with trade wars, tariffs and inflation all taking a toll. The cost of diesel hit a new record, averaging $6.50 a gallon, nearly a dollar higher than last month. Lana Zak reports from North Liberty, Iowa.

• Sep 20

Michael Whatley on high tariffs, gas prices

President Trump is traveling to North Carolina to stump for Republican Senate nominee Michael Whatley. CBS News chief White House correspondent Nancy Cordes spoke with Whatley ahead of the president's appearance.

• Sep 16

Fed raises interest rates amid rising prices

The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.

• Sep 16

Diesel prices hit all-time high

Diesel prices hit an all-time high in the U.S. as the war in Iran drags on with no end in sight. Jason Allen reports.

• Sep 16

Iranian vessel in Hormuz hit, while Houthis expand control of shipping lane

The Iran-backed Houthis expanded their control over the strategy Bab-el-Mandeb strait, as strikes continued in the Strait of Hormuz.

• Sep 13

Diesel prices in U.S. top $6 a gallon for first time ever

The price of diesel has soared more than 60% over the last year, a surge energy experts say is likely to continue. Here's why.

• Sep 11

Iran threatens "more painful" retaliation after U.S. strikes Iranian oil tankers

Iran on Sunday threatened a "more painful" response to U.S. strikes on three Iranian oil tankers.

• Sep 7

Iran war hikes diesel costs for school buses

A school district in the suburbs of Philadelphia is being burdened by rising diesel prices amid the Iran war. Ali Bauman has the story.

• Aug 29

American farmers under pressure

The ripples of the Iran conflict are starting to appear in unexpected ways. High energy costs are putting new pressure on America's farmers. Mark Strassmann has more.

• Jul 10

Fuel prices could impact the cost of moving

Ramped-up diesel prices are sparking cost concerns for businesses like Peachtree Movers in Georgia.

• May 9

Trump's Iran war fuels diesel concerns

Small businesses are grappling with the rising costs of diesel fuel as the war in Iran continues. Joshua Harris, the manager at Mayport C&C Fisheries, joins CBS News with more on the impact.

• Apr 1

Gas in U.S. hits $4 a gallon for first time since August 2022

The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine​ sent crude oil prices surging.

• Mar 31

Farmers feel pinch of rising energy costs

The average cost of a gallon of regular gas is now over $4 for the first time since 2022, when Russia invaded Ukraine. Diesel prices also rose on Tuesday, reaching $5.45 a gallon. When energy prices rise, the prices of most other goods rise as well. CBS News correspondent Lana Zak reports from Iowa.

• Mar 31

Farmers feel financial pain from Iran war

American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.

• Mar 28

How gas prices could impact other goods

The price of gas and diesel continue to rise as the war with Iran continues. The increased prices could impact the cost of other goods from groceries to airline tickets. Kelly O'Grady explains.

• Mar 18

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