Gas prices fall below $4 a gallon for the first time in nearly 3 months
The national average for a gallon of regular gas in the U.S. drops to $3.99, the lowest since March 30.
Gas Prices
Oil prices drop for first time in months
Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.
When will gas return to pre-Iran war prices?
Oil prices are falling as the end of the war with Iran seems in sight. Arjun Murti, partner at the energy firm Veriten and the author of the Substack newsletter "Super-Spiked," joins to break down when you can expect the pain at the pump to ease.
Preliminary U.S.-Iran deal still not public
While the U.S. and Iran have signed a preliminary deal to end the war, details remain scarce as the full text has yet to be released. CBS News' Nancy Cordes reports. Then, experts Aaron David Miller and Aaron MacLean join with analysis.
How soon will gas prices to go down?
Oil prices slid and stock markets rose on Monday after President Trump's announcement that the U.S. and Iran reached a deal. CBS News contributor Javier David has more.
Cohn: Prices will not fall "overnight"
Gary Cohn, IBM vice chairman and the head of the National Economic Council in President Trump's first term, told "Face the Nation with Margaret Brennan" that prices are "not going to fall like a rock overnight" if a truce between the U.S. and Iran is signed because "we're going to have to see exactly what happens with the Strait" of Hormuz.
What May inflation signals about state of economy
Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News' Kelly O'Grady breaks down the numbers.
Why consumer prices jumped in May
U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
Pence calls for more "traditional" GOP
Former Vice President Mike Pence is again warning Republicans over what he calls "populism" taking over the party. On CBS Mornings, he urged a return to "traditional" conservative ideals. Political strategists Jessica Anderson and Ameshia Cross join with analysis.
New data shows Americans are saving less
New government data shows Americans are saving less as the U.S. grapples with inflation and higher costs linked to the Iran war. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Severe storms impact Memorial Day
Millions of Americans traveled for Memorial Day weekend, facing high fuel prices. Some also encountered severe weather. Skyler Henry reports.
High gas prices, storms hamper Memorial Day
Millions of drivers hit the road for a record-breaking Memorial Day travel weekend despite high gas prices. Meanwhile, three days of relentless rain in the northeast U.S. hampered travel plans. Skyler Henry has more.
Memorial Day travel weekend update
CBS News' Skyler Henry breaks down the travel rush at the Hartsfield-Jackson Atlanta International Airport, where thousands of Americans navigate a busy Memorial Day travel weekend.
How Americans are handling a gas price spike
Gas prices are the highest since 2022, shifting how some Americans are choosing to spend their money. Kris Van Cleave reports.
Memorial Day travel not slowed by high prices
Nearly 40 million Americans are expected on the roads for Memorial Day weekend, AAA estimates, despite the highest gas prices in four years.
Gas prices surge before Memorial Day weekend
Gas prices have soared before millions of Americans hit the road for Memorial Day weekend. Skyler Henry breaks down the costs.
U.S. braces for Memorial Day holiday travel
Memorial Day weekend travel is expected to break records despite rising gas prices. CBS News' Kris Van Cleave reports.
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
Memorial Day travel records expected
Millions of Americans are expected to travel for the Memorial Day weekend. Julian Kheel, the founder and CEO at Points Path, joins CBS News with more details.
Millions traveling for Memorial Day
Americans traveling for the Memorial Day weekend are facing higher gas prices and other travel troubles. CBS News' Kris Van Cleave reports.
Gas prices drive man to create "mini car"
In response to high gas prices, 30-year-old Mali Hightower, a handyman near Atlanta, said he created a "mini car" that costs about $3 to fill up. Tony Dokoupil has the story.
Highest gas prices in years expected to continue rising this summer
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
Senators grill Blanche over compensation fund
Senators grilled acting Attorney General Todd Blanche on Tuesday over the Justice Department's nearly $1.8 billion fund to compensate people who claim they were politically targeted. CBS News' Natalie Brand and Caitlin Huey-Burns report.
As gas prices surge, consumers search for other savings
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. The latest average of $4.50 a gallon is an increase of over $1.50 since the war started.
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