$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.
Exclusive
Trump shares more details on $5,000 dividends in exclusive interview
CBS News Texas political reporter Jack Fink spoke with President Trump for an exclusive interview during the president's visit to North Texas.
Live
Iran strikes U.S. jets after Trump promises war to end after midterms
U.S. jets were hit by Iranian missiles while parked at a base in Jordan, sources tell CBS News, while Trump said the war will end "immediately" after midterms.
George W. Bush says Americans "don't pay attention to the lesson of 9/11"
Former President George W. Bush gave rare remarks on Wednesday as Americans mark 25 years since the Sept. 11 terrorist attacks.
Anthropic says scientists used AI for possible biological weapons development
Anthropic said it blocked scientists who used its Claude AI models "in ways that could support biological weapons development."
Joe diGenova resigns from DOJ after overseeing "grand conspiracy" probe
Joe diGenova, the prosecutor who was tapped by Attorney General Todd Blanche to supervise the "grand conspiracy" investigation targeting Obama- and Biden-era officials, told CBS News he has resigned.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry
According to a financial disclosure, the Pennsylvania lawmaker holds investments in companies positioned to benefit from the data center industry's continued growth.
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Afghan girls who study in secret want you to read their "letters to the world"
21 Afghan girls, bravely defying the Taliban by continuing to study, handed CBS News letters containing their stifled, often humble dreams "for an ordinary life."
U.S.
More U.S.
Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
Family's 9/11 loss inspires a school that's helped hundreds of kids
CBS News producer Caroline Lewis shares the story of her mother Patty, who established a school in a disadvantaged community after losing her husband on 9/11.
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Surrogate appeals to Supreme Court in custody dispute over baby with heart defect
A California couple's surrogate who refused their wishes to have an abortion has asked the U.S. Supreme Court to intervene in a custody dispute over the 4-week-old child, who was born in Texas with a serious heart defect.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
MoneyWatch
More MoneyWatch
Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
August CPI report could spark the Fed's first rate hike in over 3 years
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
Why you shouldn't bank on Trump's $5,000 dividends happening
President Trump pledged $5,000 to all American adults if Republicans retain control of Congress. You may not be able to take that to the bank.
Politics
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GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry
According to a financial disclosure, the Pennsylvania lawmaker holds investments in companies positioned to benefit from the data center industry's continued growth.
Surrogate appeals to Supreme Court in custody dispute over baby with heart defect
A California couple's surrogate who refused their wishes to have an abortion has asked the U.S. Supreme Court to intervene in a custody dispute over the 4-week-old child, who was born in Texas with a serious heart defect.
Joe diGenova resigns from DOJ after overseeing "grand conspiracy" probe
Joe diGenova, the prosecutor who was tapped by Attorney General Todd Blanche to supervise the "grand conspiracy" investigation targeting Obama- and Biden-era officials, told CBS News he has resigned.
Exclusive
Trump shares more details on $5,000 dividends in exclusive interview
CBS News Texas political reporter Jack Fink spoke with President Trump for an exclusive interview during the president's visit to North Texas.
Trump's $5,000 payments would reignite inflation, economists say
Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to economists.
HealthWatch
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Coroner releases details on 2 infant deaths in Pennsylvania measles outbreak
Neither infant was old enough to be vaccinated. The first dose of the measles vaccine is typically given at around 1 year of age.
How donating blood could reveal clues about your own health
Amid a national blood supply crisis, Dr. Courtney Lawrence sat down with Norah O'Donnell to talk about donating blood, health myths and more.
A generation of kids suffers as Trump destabilizes immigrant families
Children in immigrant families are facing multiple health threats from President Trump's policies.
NYC officials release unseen post-9/11 air quality documents
New York City officials released thousands of previously unseen documents questioning the air quality at Ground Zero following the 9/11 attacks.
What is postpartum psychosis?
Experts discuss the symptoms, diagnosis and stigma surrounding postpartum psychosis (not to be confused with postpartum depression), a psychiatric emergency with symptoms that can be extreme and dangerous, as testified in the trial of Lindsay Clancy.
World
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Spain's spy agency warned of Ceuta border breach plans before crisis, declassified files show
Spain's national intelligence agency issued multiple warnings about a potential mass crossing of migrants from Morocco into the Spanish exclave of Ceuta, declassified documents show.
25 people killed in fire on cargo ship docked in China, state media reports
The deadly fire broke out when the cargo ship was docked for repairs at a major shipping hub on China's northeastern coast.
Multiple U.S. military aircraft damaged in Iranian strikes on base in Jordan, sources say
One A-10 Thunderbolt, an attack aircraft known as the Warthog, was struck and lost a wing, according to sources.
Deadly fire on ferry off Philippines leaves dozens of people missing
A fire on a passenger ferry off the western Philippines left dozens of people missing and killed at least five. An intense and widespread search was on for the unaccounted for.
Barry Melrose, prominent NHL player, coach and broadcaster, dies at 70
Barry Melrose, a hockey player-turned-coach who led the Los Angeles Kings to the 1993 Stanley Cup Final before going on to a long career in broadcasting the sport, has died at 70.
Entertainment
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Entertainment
Dolly Parton's sister on Dolly's marriage
Dolly Parton's younger sister sat down with Gayle King for a conversation that included Dolly's makeup routine and her decades-long love affair with her husband Carl.
Sandra Bullock, Lee Pace on "Practical Magic 2"
Sandra Bullock and Lee Pace sat down with Adriana Diaz to discuss "Practical Magic 2," which premieres Friday.
Exclusive
Stella Parton says her sister Dolly was prepared and at peace when she died
Stella Parton gives insight into her sister Dolly Parton's marriage, makeup habits and views on death in an exclusive CBS News interview.
Dolly Parton's sister on star's life, death
Dolly Parton's sister, Stella, sits down with Gayle King for her first interview since Dolly's death to discuss her sister's legendary life. Stella Parton says the country star was "definitely prepared" and at peace when she died last month.
Fashion designer Romeo Hunte shares new pieces
Fashion designer Romeo Hunte joins "The Daily Report" to discuss pieces in his new collection as New York Fashion Week kicks off.
Technology
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Ex-Anthropic researcher warns AI could grow "smart enough to kill us"
The development of AI "doesn't look that different from say, 'Terminator,' or from science fiction films," Jacob Coxon said.
Expert on threats of AI "superintelligence"
Public concerns over the threat of "superintelligence" are on the rise following comments from a former Anthropic researcher that the technology could kill off humanity. J.B Branch, director of federal AI governance and technology policy at Public Citizen, joins "The Daily Report" to discuss.
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.
Former Anthropic employee on his fears
Anthropic said on Thursday that it disrupted several potential efforts this year to make biological weapons using its models. It's the exact kind of threat that has some people worried, including former Anthropic employee Jacob Coxon. Jo Ling Kent spoke with him on Thursday.
Democrats, Republicans in stalemate over AI
No federal law exists to regulate AI as Democrats and Republicans clash in the wake of renewed fears of human extinction. CBS News' Nikole Killion has more.
Science
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First-ever adult T. rex trackway found in North Dakota
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ig Nobel prizes go to scientists studying cockroach milk, nose-blowing, more
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
Crime
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Crime
Ex-FBI agent on hunt for alleged 9/11 planner
"Daughters of 9/11," a new documentary airing on CBS on Friday, follows two women who lost their fathers in the attacks and are demanding alleged mastermind Khalid Sheikh Mohammed be held accountable. Their journey leads them to Retired FBI Special Agent Frank Pellegrino, who spent more than a decade hunting for Mohammed and eventually questioned him. Pellegrino joins "The Takeout" to discuss.
Lindsay Clancy lawyer files to toss mistrial
Lindsay Clancy's defense attorney, Kevin Reddington, filed a motion Thursday to throw out last week's mistrial and acquit Clancy. Clancy admitted to killing her three children, but pled not guilty to murder charges, arguing she was suffering from postpartum psychosis.
One year since Charlie Kirk's killing
It has been one year since conservative political activist Charlie Kirk was fatally shot during an event in Utah. Benji Backer, the founder and CEO of Nature Is Nonpartisan, joins CBS News with more on his friendship with Kirk.
Video shows attempted murder in Ohio
A potential killing was caught on camera in Ohio and was revealed at the trial of a man found guilty of attempting to shoot his wife in a crowded restaurant. Mark Strassmann reports.
Lindsay Clancy Mistrial: Reddington Weighs In
In the wake of the mistrial in the Lindsay Clancy murder case, CBS News correspondent Shanelle Kaul and WBZ-TV reporter and anchor Kristina Rex share new reporting from inside the courtroom, exclusive juror insights, and behind-the-scenes details of the dramatic final courtroom moments. Plus, we learn what's next as the Plymouth County District Attorney's Office weighs its options.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
Extended Interview: Jacob Coxon
Jacob Coxon publicly resigned from his position as an Anthropic researcher on Tuesday, accusing the company and rival developer and ChatGPT-maker OpenAI of "gambling with our lives" by racing to develop advanced AI models. He spoke with Jo Ling Kent about his decision to resign and why he feels AI could one day threaten humanity.
First regular NFL game in Australia
The NFL's first-ever regular season game in Australia is about to kick off, with the Los Angeles Rams set to play the San Francisco 49ers. A halftime performance by Joe Jonas is also expected. Network 10 reporter Steph Baumgartel joins "The Daily Report" to share the excitement.
Ongoing efforts to ID 9/11 victims' remains
It's been 25 years since 9/11, and the New York City Office of Chief Medical Examiner continues its pledge to identify remains for as long as there are families looking for answers.
Republican candidate on GOP convention
Republican congressional candidate Michael Bouchard Jr., who is attending the GOP midterm convention, joins "The Daily Report" to share his thoughts on the Iran war, Trump's promised $5,000 payments, and more.
Legal expert on Missouri congressional map
The Supreme Court has blocked Missouri's use of a new congressional map that would have favored Republicans ahead of the midterms. CBS News legal contributor Jessica Levinson explains what this means.