Oil prices skyrocket
Oil prices are spiking again as tensions rise in the Middle East and the war in Iran rages on. CBS News' Kelly O'Grady has more.
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Oil prices are spiking again as tensions rise in the Middle East and the war in Iran rages on. CBS News' Kelly O'Grady has more.
The average price of regular gas was $4.15 a gallon on Labor Day, well above the Labor Day weekend record of $3.82 from 2012, and diesel was at a new all-time record of $5.90.
Concerns are ramping up over energy costs as the war with Iran drags on and U.S. gas prices hit record highs for Labor Day. CBS News contributor Javier David has more.
Millions of Americans are set to travel home on Monday as gas prices continue to climb. Lilia Luciano reports.
Iran on Sunday threatened a "more painful" response to U.S. strikes on three Iranian oil tankers.
Labor Day weekend gas prices have never been higher, and Californians are feeling the sticker shock more than most in the U.S., as prices regularly top $6 per gallon. Mark Strassmann is in Los Angeles with the latest.
Ray Washburne, the board chairman of Sunoco and the chair of next week's Republican midterm convention, called gas prices "painful," but he noted that "the refineries are turning more" oil out for consumers. "People are filling their cars up and they're still driving," he said.
As gas prices continue to rise in the U.S., Energy Secretary Chris Wright told "Face the Nation with Margaret Brennan" that "we are always open" to a nuclear agreement, and that President Trump's goal has always been to "not use a military solution unless absolutely necessary."
American truck drivers and travelers are struggling to fill up their tanks amid higher gas and diesel prices linked to the Iran war. Ali Bauman has more.
Millions of Americans are set to face higher gas prices and higher airfare this Labor Day weekend due to disruptions connected to the Iran war and other conflicts. CBS News senior transportation correspondent Kris Van Cleave has more.
Energy Secretary Chris Wright is back in the U.S. after his trip to Venezuela to hash out the new oil deal between the two nations. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan has more.
Airfare is up 20% from last year, and gas is almost $1 more per gallon than it was in 2025. Diesel fuel costs just hit an all-time high. Kris Van Cleave takes a look at rising travel costs ahead of the busy holiday weekend.
As the midterms draw closer, mortgage rates have hit a new high for 2026, and gas prices are above $4 per gallon. Former Trump economic adviser Stephen Moore joins "The Takeout" to assess the state of the U.S. economy.
Democrats have not occupied the governor's mansion in Iowa since 2011, but a new Emerson poll reveals that the race is in a dead heat. Republican gubernatorial nominee Zach Lahn joins "The Takeout" to discuss his campaign.
Vice President JD Vance on Thursday held the first briefing at the White House since Karoline Leavitt left as press secretary, where CBS News senior White House correspondent Weijia Jiang asked him about the departure of the now-former Army Secretary Dan Driscoll. Jiang joins "The Takeout" with more.
No verdict in Lindsay Clancy murder trial after six days of deliberations; Vance holds first White House press briefing since Leavitt's departure.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
As Labor Day weekend trips get underway, travelers could face a series of issues, from higher airfares and gas prices to stormy weather. CBS News senior transportation correspondent Kris Van Cleave reports.
Energy Secretary Chris Wright is in Venezuela meeting with acting President Delcy Rodríguez to sign a new oil agreement. CBS News' Lilia Luciano reports.
The U.S. launched new strikes against Iran on Tuesday after tankers were hit in the Strait of Hormuz. State Department Spokesman Tommy Pigott joins "The Takeout" to discuss.
The U.S. conducted more strikes against Iran on Tuesday after two tankers were targeted in the Strait of Hormuz. President Trump took to social media to threaten the regime that they will be hit much harder if they retaliate. CBS News senior White House correspondent Weijia Jiang reports.
President Trump on Tuesday met with oil executives to discuss how to lower fuel prices as Americans face high travel costs for the Labor Day weekend. CBS News correspondent Natalie Brand reports.
Energy and gas prices are up again after the U.S. resumed strikes on Iran. CBS News' Kelly O'Grady has more on the economic outlook.
Chris Pilkerton, assistant secretary for investment security at the U.S. Treasury Department, is at the G20 summit in Asheville, North Carolina, and joins CBS News with more on what to expect.
President Trump will meet with U.S. oil executives over the price of oil. This comes after Army Secretary Dan Driscoll submitted his resignation following months of friction with Defense Secretary Pete Hegseth. CBS News' Olivia Rinaldi has more.