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.
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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.
As inflation roars, Americans should brace for a big jump in heating costs this winter, according to energy regulators.
Americans are paying more for a broad swath of goods, ranging from basics like food to big items such as automobiles.
U.S. drivers paid an average of more than $3.36 per gallon Monday, according to one price tracker.
Driving your car is costing a lot more — and heating your home this winter could, too.
With motorists paying the lowest Memorial Day gas prices in 11 years, AAA expects more than 38 million Americans will be driving to their holiday destinations - that's 700,000 more than last year. Senior consumer analyst Vera Gibbons joins "CBS This Morning: Saturday."
While the president blames "profiteers," energy analysts point to other reasons why prices at the pump have jumped.
Storm shut down 95% of oil and gas production in the Gulf Coast and disrupted fuel deliveries.
Almost all of the Gulf's crude oil and gas production are shut down as the region reels from Hurricane Ida. It could lead to an increase in gas prices.
The Food and Drug Administration's expected decision to authorize a third coronavirus vaccine dose comes as the White House intensifies its push to vaccinate more Americans and a growing surge in COVID-19 cases. CBS News senior White House correspondent Weijia Jiang joins CBSN to discuss this and other headlines from the administration.
The Biden Administration is increasing its efforts to expand the nation's green economy, starting with electric vehicles. CBS News climate and energy reporter Cara Korte spoke with CBSN's Tanya Rivero about why current utility restrictions could hamper the President Joe Biden's efforts to add 500,000 charging stations nationwide.
A surge in car and gas prices is causing inflation to rise at the fastest pace since 2008. Fueling the increase in prices is a microchip shortage. CBS News MoneyWatch reporter Irina Ivanova joined CBSN's Elaine Quijano to discuss.
Americans desperate for vacation are facing increasing prices in hotel rooms, airfare, gas and car rentals.
Friday morning, millions of Americans are hitting the road to get a jump start on their 4th of July weekend. More than 47 million people are expected on roadways and in the skies, nearly matching pre-pandemic levels this holiday weekend. Errol Barnett reports.
Holiday travelers may find sticker shock at the gas station — if the station hasn't run dry of fuel. Errol Barnett has more.
Five days after Colonial Pipeline resumed operations, more than 10,500 stations still empty in southeastern states.
In a new "CBS This Morning" series Spring into Summer, correspondents travel to vacation hotspots across the country to share travel advice. Errol Barnett is in New York looking at what to plan for whether you're planning to hit the road or taking to the skies.
Gas stations are seeing long lines as panicked drivers across the southeastern U.S. rush to fill up after a ransomware attack forced a major pipeline to shut down. Manuel Bojorquez has more details.
Motorists in several southern states are rushing to fill up their gas tanks after a ransomware attack sidelined a major pipeline. Jeff Pegues has the latest.
The rising political tension in Saudi Arabia could lead to an increase in gas prices. New video shows some of Saudi Arabia's richest and most powerful people sleeping on cots with rifles behind them while being detained at a Ritz-Carlton hotel. Many top Saudi officials were arrested over the weekend in what's called a sweeping corruption probe. Bianna Golodryga reports.
Gas prices have jumped almost 20 cents since Harvey made landfall one week ago. The national average is now $2.52 - the highest average price in at least two years. In Dallas, drivers lined up to fill their tanks, worried that refinery and pipeline shutdowns along the Gulf Coast would cause a gas shortage. Helima Croft, global head of commodity strategy for RBC Capital Markets, joins "CBS This Morning" to discuss how long the price spike could last and how widespread the effects could be.
Gas prices nationwide are the lowest they've been all year, and the lowest for a holiday in 12 years. Why the cheap prices? Omar Villafranca has more.
Ohio has traditionally been a make-or-break swing state for presidential campaigns and 2016 is no different; The Cleveland Indians will try again Tuesday night to shut the door on the Chicago Cubs and bring home their first World Series win since 1948
Gas prices are rising for millions after a major pipeline in Alabama exploded Monday. One person was killed and five were hurt. The pipeline supplies much of the Southeast and Mid-Atlantic with gas. David Begnaud reports.
A massive fuel spill in central Alabama has six Southern states under emergency, with experts saying the region should expect a price hike at the pump. Tony Dokoupil has more.