Gas prices drop under $4 average
According to AAA, the national average price for a gallon of gas has dropped to $3.99. CBS News transportation correspondent Errol Barnett joins Carter Evans to discuss the latest.
Gas Prices
Gas prices fall below $4 for first time since March
The average price for a gallon of regular gas fell below $4 for the first time in five months, according to AAA. The relief comes from an increase in global oil supply and a decrease in fuel demand. Errol Barnett takes a look.
Gas prices drop below $4 a gallon for first time since early March
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.
Prices dropping across the U.S.
The national average gas price has dropped to below $4. Plus, wholesale prices dropped in July for the first time since April 2020. Jaime Quiros, senior portfolio manager at FBB Capital Partners, joins CBS News to discuss what these reports mean for the state of the economy.
Food costs hit highest inflation level in 40 years
Despite inflation slowing down in July, food prices are rising to levels not seen in more than 40 years. Yahoo Finance reporter Alexandra Semenova joins "CBS News Mornings" to discuss the latest.
Investors cheered by another sign U.S. inflation is easing
Economy is "experiencing a healthy deceleration, not a recession," Goldman Sachs analyst says.
U.S. stocks soar to 3-month high as inflation falls in July
Latest inflation data bolsters hopes that consumer prices have peaked and that the Fed can temper interest rate hikes.
MoneyWatch: Signs inflation is slowing
July's Consumer Price Index report showed a 8.5% annual inflation rate, down from 9.1% in June, which was the highest in over 40 years. The Wall Street Journal's Akani Otani joins CBS News with more on the economic impact.
Inflation rate declines a bit as gas prices drop
The annual inflation rate was 8.5% in July, a slight dip from the four-decade high of 9.1% in June. CBS News reporter Sarah Ewall-Wice breaks down what this means for American consumers.
Inflation rate down from 40-year high
The Consumer Price Index rose to 8.5% in the month of July, bringing inflation down from its 40-year high. Gas prices are falling, but the cost of food and rent are still increasing. Lori Bettinger, president of BancAlliance and the former director of the U.S. Treasury's Troubled Asset Relief Program, joined CBS News to discuss what this data means for the economy.
Drivers could soon see average gas prices hit $3.99 per gallon
Drivers have been cutting their miles traveled since March in response to high prices at the pump, one survey shows.
Parliamentarian alters drug plan in Inflation Reduction Act before Senate vote
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Stocks dip after strong jobs report offers mixed news for investors
New data on hot U.S. jobs market suggests Fed won't be reining in its aggressive rate hikes anytime soon.
Gas prices continue to fall
Gas prices are continuing to decline from record highs earlier this summer. Laura Sanicola, a reporter covering energy, refining and renewables for Reuters, joins CBS News to discuss the reasons behind the price drop.
U.S. gas prices fall for 7 straight weeks
The cost of a gallon of gas continues to fall in the U.S. Ellen Wald, senior fellow at the Atlantic Council's Global Energy Center, joins "CBS News Mornings" to discuss what's helping ease the pain at the pump.
Why gasoline prices have dropped for 7 straight weeks
Drivers are paying about $1 less per gallon than they did in June. The reason for that could hint at trouble ahead.
Biden's big week despite COVID isolation
CBS News Radio White House correspondent Steven Portnoy joined Nikki Batiste and Lana Zak to talk about the response out of Washington regarding China's military exercises near Taiwan, President Biden's latest executive order expanding abortion access and what many are considering a successful week for the administration.
Diesel fuel prices impacting trucking industry
As diesel prices sit near all-time highs, the rising cost is having a ripple effect on the economy. Michael Nicholson, co-owner of moving and storage company The Moving Squad, joined CBS News' Nikki Battiste to discuss the effects of inflation on his bottom line.
Surging gas prices increase other costs
Rising gas prices are causing a ripple effect across the U.S. economy, raising shipping and transportation costs as well. Harrison Fell, economist and senior research scholar at Columbia University's Center on Global Energy Policy, joined CBS News' Enrique Acevedo to discuss.
Stocks fall as House Speaker Nancy Pelosi lands in Taiwan
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Job openings fall as the U.S. economy shrinks
American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.
Biden may tap oil reserve, eyeing gas prices
President Biden is expected to order the release of up to 1 million barrels of oil a day from the nation's strategic petroleum reserve in a bid to lower gas prices. Russian forces keep pounding Ukraine in areas where Moscow pledged to scale back. And the Hubble telescope has discovered a blue, supergiant star that’s the farther from Earth than any star ever spotted.
Gas prices on the rise
The average price of gas is more than $4 for the first time since 2008, pushed up by Russia's invasion of Ukraine and economic sanctions imposed on Russia by the U.S. and its allies. Robert Sinclair, senior manager of public affairs at AAA, joins CBS News' Jim Axelrod and Tanya Rivero to break down the rising prices and what American's can expect.
Possibility of economic recession looms
The possibility of a recession is looming large, as the Federal Reserve raises interest rates in the hopes of driving down inflation. President Joe Biden's critics argue he's not doing enough to address the issue and say rate hikes could cause more economic turmoil. Rick Newman, senior columnist with Yahoo Finance, joined CBS News to discuss some ways to lower consumer costs and prevent an economic downturn.
MoneyWatch: Gas prices reach record high
Gas prices reached another record high Friday. Plus, the U.S. is seeing a shortage of diesel that could spell trouble in the summer months. Tom Kloza, head of energy analysis at the Oil Prices Information Services, joins CBS News to discuss rising gas prices and what drivers can expect in the coming months.
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
Live
Israel and Hezbollah agree to ceasefire, officials say
Israel and Hezbollah have reached a Lebanon ceasefire agreement after their fighting delayed progression of the U.S.-Iran deal, a diplomat tells CBS News.
How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Exclusive
New book details the moment a GOP lawmaker appeared to lunge at Matt Gaetz
A new book recounts one of the most rambunctious moments on the floor of the House in modern history.
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
Questions swirl after 1-year-old boy fatally shot by police in Mississippi
A police shooting in Senatobia, Mississippi, that left a 1-year-old child dead has ignited simmering tensions between police and Black residents in the small town.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Cuba approves free-market reforms in effort to stave off economic collapse
Cuban lawmakers Thursday adopted nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a U.S. oil blockade.
Remnants of Tropical Storm Arthur flood homes and force evacuations in Gulf states
The remnants of Tropical Storm Arthur were battering parts of the southeastern U.S. with heavy rain, sparking flash flooding.
U.S.
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This week on "Sunday Morning" (June 21)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Prediction markets are betting on celebrities to boost their brands
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Questions swirl after 1-year-old boy fatally shot by police in Mississippi
A police shooting in Senatobia, Mississippi, that left a 1-year-old child dead has ignited simmering tensions between police and Black residents in the small town.
Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Investigation
What's missing from the Epstein files? Here's what we found
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
MoneyWatch
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Prediction markets are betting on celebrities to boost their brands
Kalshi has enlisted Lionel Messi and Timothée Chalamet as prediction markets compete to attract new users and cement their place in the mainstream.
Dad teams up with former CBS News head to share family finance tips
Matthew Ankrum wanted to build wealth for his daughters and teach them about financial stability. A new book shares how.
What's open and closed for Juneteenth 2026?
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Less than half of Americans can afford quality healthcare, Gallup finds
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Waymo recalls robotaxis after some vehicles entered construction zone
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How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
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New book details the moment a GOP lawmaker appeared to lunge at Matt Gaetz
A new book recounts one of the most rambunctious moments on the floor of the House in modern history.
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Cuba approves free-market reforms in effort to stave off economic collapse
Cuban lawmakers Thursday adopted nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a U.S. oil blockade.
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Air Force unit faces flu outbreak weeks after vaccine mandate dropped
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Less than half of Americans can afford quality healthcare, Gallup finds
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Busy Philipps on her late ADHD diagnosis
Actress Busy Philipps, 45, spoke up about her late attention-deficit/hyperactivity disorder diagnosis online after realizing she shared symptoms as her young daughter was evaluated and diagnosed. Women are more likely than men to be diagnosed with ADHD later in life, research shows.
Drummer rediscovers his rhythm after setback
In the "CBS Mornings" series "Pushing the Limits," Mark Strassmann shows how a Georgia man's passion for music was almost taken away from him forever after a terrible accident. But thanks to his resilience and technology, the man is now a record-breaking drummer.
Arrests of immigrant parents create mental health crisis for children
An estimated hundreds of thousands of children, many of them U.S. citizens, have been separated from a parent in the Trump administration's immigration crackdown.
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How the Iran war united, and then divided Trump and Netanyahu
Trump has appeared during the Iran war to lose patience with Israeli Prime Minister Benjamin Netanyahu, who may now find himself "stuck."
U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
Scientists discover parasite that preys on insect-killing "zombie fungus"
Scientists say the "hyperparasite" preys on "zombie fungus" known to infect insects before subjecting them to a gruesome death.
Italy nixes envoy's visit as leader Meloni "stunned" by Trump's remarks
Italian outlet says after a meeting at the G7 summit, Trump said Meloni had "begged me to take a picture with her," and he "felt sorry for her."
Mayor accused of faking her kidnapping in embezzlement scheme
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"The War and Treaty" talk new music
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Tay Keith, Grammy-nominated producer, found dead in Nashville at 29
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
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Busy Philipps on her late ADHD diagnosis
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Waymo recalls robotaxis after some vehicles entered construction zone
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Americans on AI's future impact
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How AI powered robots are helping small farms
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Watch: Pentagon releases 6 new UFO videos
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Goblin shark seen alive in natural deep-sea habitat for the first time
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World's largest whale graveyard found by sub at bottom of ocean
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NASA names 4 astronauts for next Artemis mission
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Great white shark captured on video in Mediterranean in rare sighting
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U.K. actress accused of trying to smuggle $208M of meth into Australia
Actress Emaa Hussen, who played alongside Jason Statham in "Redemption," is accused of trying to smuggle 700 pounds of methamphetamine into Australia.
What's missing from the Epstein files?
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Mangione team no longer pursuing this defense
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Mayor accused of faking her kidnapping in embezzlement scheme
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Man charged in death of girl after life sentence commuted by Kristi Noem
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NASA chief defends choice of all-male crew for Artemis III mission
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NASA names 4 astronauts for next Artemis mission
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Space station crew briefly moves to "safe haven" amid concerns over leaks
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Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
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