Gas prices are falling along with demand, despite arrival of summer
Drop in summer fuel prices may indicate Americans are traveling less than they used to, says one expert.
Gas Prices
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Helicopter crashes on roof of NYC building; Gas prices on the decline
Last chance to get this BJ's Wholesale Club deal that's like getting a membership for free
BJ's Wholesale Club normally costs $55 per year, but new members can get their first year free (after reward).
Middle East tension and global economy
The escalating conflict in the Middle East could continue to impact oil prices that have already spiked since Hamas' Oct. 7 attacks in Israel. CBS News business analyst Jill Schlesinger looks at the state of the global economy.
Gas prices are on the rise again. Here's what to expect next.
The cost of filling up is rising ahead of the summer driving season, as peak demand and geopolitical issues converge.
Why inflation ticked up in February
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
How will OPEC+ cuts affect U.S. gas prices?
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S.
Fourth of July to see 42 million travelers
Despite high gas prices, a record 42 million travelers are expected to drive this Fourth of July. CBS News transportation correspondent Errol Barnett has more.
London cabbies on spiraling U.K. gas prices
Americans are not the only ones feeling the pinch at the gas pump; around the world drivers are paying more for fuel. Charlie D'Agata spoke to some of London's infamous black cabbies who tell us this is the worst they've ever known fuel prices to be, with one even saying the price to fill up has gotten so bad that he's decided to retire.
Gas theft reported across the country
As prices at the pump soar, so do reports of gas theft nationwide. Not only are thieves stealing thousands of gallons from gas stations by bypassing credit card readers, but they're targeting parked cars too, drilling through fuel tanks and leaving victims with costly repairs. Kris Van Cleave has more.
Gas now below $3 across most of country
AAA says the national gas price average is $3.09/gallon with over half the states in the country reporting averages below $3. Robert Sinclair Jr., senior manager of public affairs for AAA Northeast, joined CBS News to discuss the price at the pump.
Gas prices falling ahead of holiday travel
AAA says the national average price for a gallon of gas is about $3.10, with nearly 30 states seeing average costs at the pump below $3. Californians still aren't getting much relief though. Patrick De Haan, head of petroleum analysis for GasBuddy, joined CBS News to discuss why gas prices are dropping.
It's the cheapest Thanksgiving for drivers since 2020 amid gas slump
Gas prices hit an average of $3.27 a gallon this Thanksgiving, marking the cheapest prices since the pandemic despite an uptick in holiday travel.
How Fed may respond to low October inflation
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Gas prices are plunging. Here's what to expect for the holidays.
Gas prices are now below $3 a gallon in eight states, and drivers in other parts of the country could also see cheaper fuel costs.
Israel-Hamas war sparks recession concerns
There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.
Oil is rising amid the Israel-Hamas war. Here's impact on gas prices.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Oil prices and the Israel-Hamas conflict
Israeli and Palestinian territories are not major oil producers, but if their conflict spreads to other parts of the region it could have major consequences for oil production and prices. Al Root, a senior writer for Barron's, joined CBS News to discuss what could happen.
Oil cuts abroad could impact interest rates
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
How gas prices could affect Labor Day plans
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.
Heat wave partly to blame for surge in gas prices
The average price of a gallon of regular gasoline has risen about 30 cents in the last month. The increase is due in part to scorching temperatures which have forced some oil refineries, which are not designed to operate about 95 degrees, to cut production. Kris Van Cleave has more.
Gas prices jump to 9-month high
The average price of a gallon of gas across the U.S. is $3.83 according to AAA, a 9-month high. Wall Street Journal reporter Hardika Singh joined CBS News to discuss the reason for the price spike at the pump.
3 reasons gas prices are climbing again
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
Gas prices spiking nationwide
The average price of a gallon of gas nationwide is up to $3.83 according to AAA, over 30 cents more than a month ago. Saudi Arabia's efforts to curb oil production and the summer's record-breaking heat are being pointed to as factors for the high prices. CBS News senior transportation correspondent Kris Van Cleave has the latest.
Gas prices high, but relief could be coming
An oil production cut could lead to more pain at the pump for Americans. Gas prices shot up in July, causing an increased cost for summer road trips. We asked senior transportation correspondent Kris Van Cleave to explain why heat is costing you at the pump.
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