$4 per gallon gas across U.S. by April, one expert predicts
American motorists are in for at least some short-term pain at the fuel pump as oil and gas markets react to global conflict.
Gas Prices
Energy prices soar after Russian invasion
Markets are tanking and energy prices soaring in the wake of Russia's invasion of Ukraine, as oil surged to more than $100 a barrel and gas prices in Europe jumped more than 30% in the hours after Russia launched its attack. Helima Croft, managing director and global head of commodity strategy at Mena Research, spoke with CBS News' Tanya Rivero about what the invasion means for the global energy market.
How the Ukraine crisis is already hitting Americans' wallets
With higher gas prices, inflation and supply-chain shocks, the conflict in Europe is spilling over into the U.S. economy.
MoneyWatch: Consumer spending climbs in January
Americans are spending more than expected, with the Commerce Department reporting retail sales jumped 3.8% in January -- up 13% from the same time last year. Ted Rossman, a senior industry analyst at Bankrate.com, joins CBS News to discuss the latest retail sales numbers.
Ukraine tensions drive gas prices to highest level in years
U.S. motorists are paying roughly a dollar more per gallon than they were a year ago, AAA data shows.
Democrats weigh gas tax holiday
A group of Senate Democrats proposes suspending the federal gas tax through the end of the year.
Gas prices reach record highs in Orange and Los Angeles counties
One man paid $25 for just five gallons.
Consumer Price Index jumped 7% in 2021
According to the Department of Labor, the Consumer Price Index jumped 7% in 2021. But some economists believe inflation will improve in the coming year. Wall Street Journal reporter Harriet Torry joined CBSN to discuss expert's predictions and possible moves by the government.
Inflation climbs at fastest pace in decades
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
Inflation at highest level in nearly 40 years
Inflation soared in November, as the Consumer Price Index jumped 0.8%, a 6.8% increase from the same time last year, according to data from the Labor Department. CBS News Reporter Sarah Ewall-Wice has more on the uptick in inflation to its highest level in decades.
5/13: CBS Evening News
U.S. Embassy to open in Jerusalem soon; Anger, despair in Iran after Trump pulls out of multi-national nuclear deal
4/14: CBS Evening News
Massive and powerful storm system rumbles into the east; More Americans will hit the road this summer if gas prices stay low
President Biden spends Thanksgiving in Nantucket
President Biden is spending Thanksgiving with his family in Nantucket, Massachusetts, a tradition dating back to the president's time as a Senator. CBS News White House reporter Bo Erickson speaks with CBS News' Christina Ruffini about how Mr. Biden is spending his Thanksgiving and how he plans to tackle the nation's issues when he returns to Washington.
Why tapping oil reserves may not do much to curb gas prices
White House plan aims to offer relief to millions of motorists. But the gains are likely to be modest, according to experts.
Biden announces oil release
President Joe Biden announced Tuesday the U.S. will release oil from the Strategic Petroleum Reserve in an effort to lower gas prices amid the Thanksgiving holiday weekend. Watch the president's remarks.
Biden releases oil reserves to battle gas prices
President Biden announced plans to release oil from the Strategic Petroleum Reserve in an effort to bring down high gas prices. Ed O'Keefe shares more.
Biden details plan to increase gas supply
President Biden spoke Tuesday about how his administration is tapping an emergency oil reserve to increase supply and help lower gas prices at the pump. He also spoke broadly about the state of the economy. CBS News congressional correspondent Kris Van Cleave joins CBSN's Tanya Rivero to discuss.
U.S. to release oil from nation's reserves
President Biden announced he will order the release of oil from the nation's Strategic Petroleum Reserve, part of a larger plan to address rising gas prices and their effect on the economy. CBS News' Skyler Henry reports and CBS MoneyWatch reporter Irina Ivanova explains down how this plan will affect the cost of gas moving forward.
Biden releasing oil from strategic reserves to help lower gas prices
The administration has been pushing China, India, Japan and South Korea to join in a coordinated effort to release reserves of crude oil to help tamp down rising gasoline prices.
Biden to address gas prices, economy
President Biden will speak about rising gas prices and the state of the economy as his administration plans to release some oil from the Strategic Petroleum Reserve in an attempt to lower prices at the pump. Sean Sullivan, a CBS News political contributor and White House reporter for The Washington Post, joins CBSN to discuss the latest.
Biden takes steps to reduce gas prices
President Biden will speak this afternoon on the current state of the economy. Earlier, he announced plans to release oil from the strategic petroleum reserve to help combat rising gas prices. CBS News senior White House correspondent Weijia Jiang joined CBSN with more.
Here's how much more you're paying for food and fuel
Household budgets are feeling the pinch as inflation rises, pushing up the cost of staples like gas and milk.
Can President Biden do anything to lower gasoline prices?
The White House has called on the FTC to investigate high prices and suggested it may tap the nation's strategic reserves.
Biden wants FTC to investigate gas prices
The cost of gasoline is up nearly 50% from a year ago, the latest Consumer Price Index showed.
Consumers to pay higher prices during holidays
Economists say inflation will force millions of Americans to pay higher prices during the holiday season this year. Associated Press writer Paul Wiseman joins CBSN's Lana Zak to discuss more.
Live
Oil prices rise after Trump insists the Iran war is going to plan
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Supreme Court casts doubt on Trump's order to end birthright citizenship
The Supreme Court on Wednesday appeared open to invalidating President Trump's executive order that would end birthright citizenship.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
DNC and top Democratic leaders sue Trump over mail-in voting executive order
A coalition of major Democratic groups sued the Trump administration, seeking to strike down an executive order that would exert more federal influence over mail-in voting — including by creating lists of citizens who are eligible to vote.
Exclusive
DHS scraps Noem policy requiring secretary's review of all contracts above $100K
The Noem policy meant the secretary was required to personally sign off on thousands of DHS contracts.
U.S.
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Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
MoneyWatch
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Elon Musk's SpaceX files confidential initial public offering
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
Will the Iran war slow U.S. hiring? Economists say risks are rising.
With oil prices rising and hiring already slowing, economists warn the Iran war could further weigh on U.S. job growth.
Hershey says it will shift back to classic Reese's recipe after backlash
Hershey said Wednesday it will use classic recipes for all Reese's products starting next year, after getting criticism for changing the popular treats.
Politics
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Live
Oil prices rise after Trump insists the Iran war is going to plan
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
DNC and top Democratic leaders sue Trump over mail-in voting executive order
A coalition of major Democratic groups sued the Trump administration, seeking to strike down an executive order that would exert more federal influence over mail-in voting — including by creating lists of citizens who are eligible to vote.
Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
State Department overhauls Foreign Service Officer Test
The State Department announced Wednesday that it is modifying the Foreign Service Officer Test to reflect the foreign policy goals of the Trump administration.
HealthWatch
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HealthWatch
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
State health plan for foster kids threatened 8-year-old's cancer care
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
World
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Live
Oil prices rise after Trump insists the Iran war is going to plan
One market analyst says Trump warning the Iran war will take 2-3 more weeks, without a plan to reopen the Strait of Hormuz, "was far less than" investors had hoped for.
Magnitude 7.4 earthquake strikes off Indonesia's coast, killing 1 person
Indonesia, a vast archipelago of more than 280 million people, sits on major seismic faults and is frequently hit by earthquakes.
Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Trump says Iran war will wrap up "very shortly," but warns of more strikes in coming weeks
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Trump says he may withdraw U.S. from NATO. The law says he can't without Congress.
President Trump says he's considering withdrawing the U.S. from NATO, following years of complaining about the alliance.
Entertainment
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Entertainment
Kenan Thompson on new children's book
Actor and comedian Kenan Thompson joins "CBS Mornings" to discuss his new children's book, "Unfunny Bunny."
Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone talks new season of "Euphoria"
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Technology
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Technology
New film on risks and rewards of AI
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
Science
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Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
CBS News studio shakes as Artemis II launches
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
What Artemis II astronauts will do in space
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
How Artemis II crew will sleep in space
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
How do astronauts use the bathroom?
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Crime
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Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
Baby in stroller killed in apparent stray-bullet shooting in Brooklyn
A child was being pushed in a stroller at Moore and Humboldt streets in East Williamsburg on Wednesday when she suffered a gunshot wound to the head, police said.
Kentucky Powerball winner arrested again
James Farthing, who won the $167.3 million Powerball jackpot last April, was arrested for a third time since collecting his grand prize. CBS News' Shanelle Kaul has more.
Son of Hawaii doctor testifies at trial
The son of a Maui doctor testified that his father confessed to him over FaceTime to trying to kill his stepmother, Arielle Konig, on a hike last year. Prosecutors allege Gerhardt Konig tried to push his wife off a cliff, attempted to inject her with a syringe and hit her in the head with a rock.
Luigi Mangione lawyers seek to postpone trial
Lawyers for Luigi Mangione, the man charged with the murder of UnitedHealthcare CEO Brian Thompson, are seeking to postpone his federal murder trial. CBS News' Lilia Luciano reports.
Space
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Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Artemis II launches into orbit as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back.
Smooth countdown continues for Artemis II moon mission
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
These 4 astronauts are making history on flight around the moon
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
CBS News studio shakes as Artemis II launches
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
Takeaways from Trump's Iran war address
President Trump addressed the nation about the Iran war Wednesday night, saying that the U.S. would complete its mission there "very shortly." CBS News' Ed O'Keefe remarks on the president's remarks and J.D. Simkins, editor-in-chief of the Military Times and Defense News, joins with analysis.
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
Special Report: Trump addresses nation on Iran
President Trump addressed the nation Wednesday night about the Iran war. Tony Dokoupil anchored CBS News' special report.
Trump addresses U.S. on Iran war
President Trump sought to assure Americans that the conflict with Iran would be brief compared to other wars in U.S. history and insisted that gas prices would go down quickly. Nancy Cordes reports.