Gas prices could top $5 if Strait of Hormuz stays shut, J.P. Morgan says

Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.

• Apr 7

Iran war to throttle oil flows even if Strait of Hormuz reopens soon

Shipping companies would take at least two months to resume operations in the Persian Gulf following a ceasefire in the region, according to the Eurasia Group.

• Apr 7

California 2026 governor candidates discuss gas prices and environmental policy

California gas prices are the nation's highest. The candidates in the 2026 governor's race weighed in on the role of state policy, global supply risks, refinery closures, and how each would address rising gas prices.

• Apr 6

Fuel efficiency at the New York Auto Show

The new vehicles on display at this year's New York International Auto Show have arrived just as gas prices are accelerating to new highs. Bradley Blackburn talked to carmakers at the convention about how those high fuel costs could change what people buy.

• Apr 6

Gov. Moore criticizes Iran war and impact on prices

Maryland Gov. Wes Moore criticized President Trump's handling of the Iran war on "Face the Nation." He told CBS News' Ed O'Keefe he's looking for "some clarity" about the war's goals, and warned it has driven up prices.

• Apr 5

U.S. adds 178,000 jobs in March

The labor market rebounded in March as U.S. employers added 178,000 jobs. Lori Bettinger, president of BancAlliance, joins CBS News to weigh in on the jobs report.

• Apr 3

Trump says U.S. "hasn't even started destroying what's left in Iran"

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.

• Apr 2

Gas prices hit $4.06 a gallon before Trump's prime-time address

U.S. gasoline prices continue to inch higher after crossing the $4 a gallon threshold on Tuesday for the first time since 2022.

• Apr 1

Trump says Iran war could wrap up in 2-3 weeks as gas prices rise

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.

• 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

DoorDash driver feels squeeze as gas prices rise

Drivers in at least 13 states across the country are paying an average price of $4 a gallon or more for gas. Jason Allen spoke to a man who's feeling the strain with his second job as a DoorDash driver.

• Mar 31

Trump: U.S. not leaving Strait of Hormuz yet

President Trump told CBS News on Tuesday that he's not ready "quite yet" to abandon his bid to force Iran to reopen the Strait of Hormuz. CBS News senior White House correspondent Weijia Jiang has the details.

• Mar 31

Rising oil costs hurting farmers, small businesses

AAA announced Tuesday that the average U.S. gas price has topped $4 a gallon. CBS News correspondent Lana Zak reports on how the costs are impacting businesses. Then, Justin Wolfers, professor of public policy and economics at the University of Michigan, joins with analysis.

• Mar 31

Farmer says he's spending hundreds more on fuel

The average U.S. gas price has topped $4 a gallon for the first time since August 2022, AAA announced on Tuesday. Diesel fuel prices have also jumped significantly since the start of the war in Iran. CBS News' Lana Zak and Kelly O'Grady have the latest.

• Mar 31

Average U.S. gas prices hit $4 a gallon

Gas prices in the U.S. on Tuesday topped $4 a gallon on average for the first time in more than three years, the latest sign of how the Iran war is driving up fuel costs for U.S. motorists. CBS News MoneyWatch correspondent Kelly O'Grady reports.

• Mar 31

Key committee votes on Gulf oil, gas activity

The Endangered Species Committee voted Tuesday to exempt oil and gas activity in the Gulf of Mexico from the Endangered Species Act protections. CBS News' Shanelle Kaul has more.

• Mar 31

Surging U.S. gas prices could erase bigger tax refunds, analysis finds

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.

• Mar 31

U.S. farmers react to rising diesel costs

Scott Marlow, an agriculture policy expert, told CBS News' Lana Zak that rising fuel costs from the war with Iran have impacted U.S. farmers at "every step" of the process.

• Mar 31

Average price of gas hits $4 per gallon

For the first time since August 2022, the average price of gas in the U.S. has hit $4 per gallon as the Iran war grinds on. CBS News business analyst Jill Schlesinger breaks down how consumers are feeling the economic pinch with the war now in its fifth week.

• Mar 31

Rising gas prices could ripple across the economy

Higher oil prices are hitting consumers at the gas pump hard. Meanwhile, economists warn they could lead to inflation as financial markets struggle to recover from five weeks of losses. Jason Allen has more.

• Mar 30

Leavitt: "There's two tracks" in Iran negotiations

President Trump said over the weekend that regime change in Iran has basically been accomplished, and that the new leaders are making concessions. Meanwhile, more U.S. troops have arrived in the region. CBS News senior White House and political correspondent Ed O'Keefe reports.

• Mar 30

Stocks end mixed as crude oil prices rise

Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss.

• Mar 30

Gas prices impact delivery drivers, farmers

The national average price for gas has climbed more than 30 cents over the past month amid the Iran war. A man near Dallas earning extra money for his family through DoorDash told CBS News the rising prices are cutting into his family's wellbeing. The costs are also impacting farmers and consumers. Jason Allen explains.

• Mar 26

Rising fuel costs hit Texas farmers

The impacts from the Iran war have trickled down to consumers. CBS News correspondent Jason Allen spoke with farmers in Texas who are impacted by rising costs.

• Mar 25

Markets reacts to possible peace Iran talks

Oil prices dropped with news of possible U.S.-Iran peace talks. Isabel Wang, a markets reporter for MarketWatch, joins with more.

• Mar 25

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