Texas Gas Prices Soar As Russia-Ukraine Conflict Pushes Crude Oil Prices To 11-Year Highs
The energy market has been volatile in recent weeks due to the war between Russia and Ukraine, causing uncertainty about Russia's large crude oil supplies.
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The energy market has been volatile in recent weeks due to the war between Russia and Ukraine, causing uncertainty about Russia's large crude oil supplies.
Russia's invasion of Ukraine has sent oil futures above $100 a barrel and will probably bring $4-a-gallon gasoline to much of the US. But it won't be a major drag on American economic growth.
Recent developments in the conflict between Russia and Ukraine have future oil prices soaring to around $100 a barrel – the highest since 2014.
According to AAA Texas, the gas price average in the state is $3.22 for a gallon of regular unleaded fuel.
The statewide gas price average is $3.00 for a gallon of regular unleaded fuel. That price is four cents more than from this day last week.
According to AAA, the statewide gas price average in Texas is $2.96 for a gallon of regular unleaded fuel.
If Omicron doesn't result in another round of widespread lockdowns, some experts say Americans can expect to see gas prices nearing $4 a gallon in dozens of states.
The statewide gas price average in Texas is $2.91 for a gallon of regular unleaded. That price is two cents more than it was on this day last week.
Gasoline prices have drifted downward over the past few days as concerns of an omicron-driven economic slowdown continue.
One forecast projects prices at the pump will peak nationally at a monthly average of $3.79 in May, before finally retreating below current levels by late 2022.
"Prices may continue to slide as the market continues to assess the latest possible economic impact of the omicron variant," said AAA Texas spokesperson Daniel Armbruster.
The statewide gas price average for a gallon of regular unleaded is $2.91. That price is two cents less than last week and $1.01 more per gallon compared to last year.
Prices at the pump have finally started to creep lower, and according to new government forecasts the trend should speed up significantly in the coming months.
Slight downward movement for the average U.S. price of regular-grade gasoline. Prices fell 2 cents over the past two weeks.
AAA said Thursday that a decrease in demand is leading to a drop in gas prices as crude oil prices also tumble.
"We consume 20 million barrels per day so basically he's (President Biden is)talking about reducing 2 1/2 days worth of supply," economist Bernard Weinstein said.
The average gas price in Texas is $3.00 for a gallon of regular unleaded. That price is five cents less than on this day last week and $1.21 more per gallon compared to last year.
A White House official confirmed to CBS News that President Joe Biden will announce on Tuesday a plan to release 50 million barrels of oil from the U.S.' emergency stockpile.
AAA says 53.4 million people are expected to travel for Thanksgiving—making it close to what it was before the pandemic.
AAA Texas, the statewide gas price average in Texas is $3.03 a gallon for regular unleaded. That price is four cents less than on this day last week and $1.23 more compared to this time last year.
The current fuel rates per gallon statewide are hovering above $3.00.
The statewide gas price average in Texas is $3.07 for a gallon of regular unleaded fuel. That price is $1.27 more per gallon compared to this day last year.
The confirmation of the runaway inflation is also troubling for those working to help families already on the financial edge.
The average gasoline price in Texas is $3.02 for a gallon of regular unleaded -- that's nine cents more than on this day last week and $1.15 more than this day last year.
The statewide gas price average in the Lone Star State is $2.87 for a gallon of regular unleaded fuel, a direct reflection that for the first time since 2014 US oil prices are back above $80 per barrel.
Police said at about 8 p.m. Sunday, Feb. 22, Alexcia Pruitt left the Cinemark Movie Theater, located at Dallas Parkway, with her two daughters, ages 5 and 3 months.
Jackets will be needed Monday morning and into the afternoon as high temperatures struggle to escape the upper 50s.
Nemesio Rubén Oseguera Cervantes, also known as "El Mencho," had a $15 million U.S. bounty on his head.
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
Deedson might not have known in the moment, but that goal would soon uplift an entire nation and inspire the world.
Police said at about 8 p.m. Sunday, Feb. 22, Alexcia Pruitt left the Cinemark Movie Theater, located at Dallas Parkway, with her two daughters, ages 5 and 3 months.
Jackets will be needed Monday morning and into the afternoon as high temperatures struggle to escape the upper 50s.
Racing fans—get ready. The Java House Grand Prix of Arlington is set to roar into town this spring, bringing a brand‑new kind of excitement to North Texas.
Nemesio Rubén Oseguera Cervantes, also known as "El Mencho," had a $15 million U.S. bounty on his head.
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
As Texas, in recent years, has experienced an increase in its infant mortality rate, it has seen a growing interest in bereavement care for families.
Internal turmoil, missing records, and clashing narratives raise new questions about the nonprofit's management and oversight.
The CEO a Dallas nonprofit resigned after a CBS News Texas I-Team investigation that revealed the organization had failed to follow through on its core promises.
Seven years after a deadly school bus-train crash in Athens, the same crossing still lacks gates or lights—despite repeated promises to fix it.
A CBS News Texas investigation found those daily meals no longer being delivered to schools, despite the nonprofit's claims to the contrary.
A defense lawyers group has posted a tracking tool to enable users to check on the status of some of the controversial prosecutions attempted by DOJ in the first year of Trump's second term.
U.S. Trade Representative Jamieson Greer said "stand by" the trade deal agreements it has signed with its partners despite the Supreme Court's tariff decision.
U.S. ambassador to Israel, Mike Huckabee, made his comments during an interview with conservative commentator Tucker Carlson that aired Friday.
An armed man was shot and killed early Sunday morning after "unauthorized entry" into the secure perimeter at President Trump's Mar-a-Lago estate, the U.S. Secret Service said.
Jack Fink spoke with the three major Republicans running for U.S. Senate during their campaign stops in North Texas.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
Linda Potthoff of University Park says she had been short of breath for weeks before her condition suddenly worsened.
Nothing surgical could prepare her family for June 18, 2004, when her father was shot and killed on duty for the Grand Prairie Police Department.
The American Heart Association is partnering with Fort Worth PD to equip 150 patrol cars with the life-saving devices. Since officers are often first on the scene, this AHA-backed initiative aims to drastically improve survival rates across the community.
Even though life in a cancer center may be monotonous, the patients opened up once they saw the golden pile of fur.
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Small businesses along South Akard Street say the removal of a key bridge connecting Downtown Dallas to the Cedars neighborhood is already driving customers away, with no return of direct access expected until 2028.
An Amazon Prime delivery in Richardson this week left more behind than intended.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
A Dallas coffee chain says it's caught in a political firestorm after a walkout over an ICE discount.
During the World Cup, soccer fans will be able to get a taste of what North Texas' new professional soccer team, Atletico Dallas, has to offer.
Deedson might not have known in the moment, but that goal would soon uplift an entire nation and inspire the world.
Middleton also had seven rebounds and seven assists and was one of six Mavs players to score in double figures.
Through a sudden death overtime goal, the U.S. men's hockey team is golden over Canada.
Minnesota Vikings wide receiver Rondale Moore was found dead at the age of 25 at a residence in New Albany, Indiana, authorities reported Saturday.
Team USA added another gold medal to its tally on Sunday, when the U.S. men's hockey team beat Team Canada.
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
"The Late Show" host Stephen Colbert slammed CBS again on Tuesday night after the network issued a statement about his interview with Texas Democrat James Talarico.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
