Plans To Relieve Pain At The Pump Likely Won't Make Impact Soon
North Texans won't see much change until the economy fully adapts, which may be months away.
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North Texans won't see much change until the economy fully adapts, which may be months away.
"It sounds like a lot, but one million barrels a day is only equivalent to 1% of global oil output," said retired SMU economist Bud Weinstein.
Drivers in Maryland and Georgia have seen almost immediate relief from tax holidays. But there could ultimately be a cost.
According to AAA Texas, the statewide gas price average is $3.89 for a gallon of regular unleaded fuel. That price is seven cents less than from this day last week.
The White House was considering sending gas cards to families to cushion the blow from record-high gas prices.
AAA Texas said on Mar. 17 that the statewide gas price average in Texas had fallen to $3.96 per gallon - a drop of $0.04 since last week - but warn the relief may only be temporary.
Fuel costs in the U.S. may have crested as investors pin their hopes on a ceasefire in Ukraine.
Police in Texas are searching for thieves who allegedly stole more than 1,000 gallons of gasoline and they did it in front of other customers who weren't involved.
When CBS News asked Americans in favor of the oil sanctions whether they would still support them if gas prices rose, most of them still would, resulting in majority support even after the cost implications.
As gas prices continue to rise, some North Texans are seriously considering other forms of transportation to get around, including riding a bike.
Public transit agencies are watching ridership numbers as high gas prices could push more people to look to trains and buses as an alternative to driving.
Drivers in Texas are reportedly paying the 14th lowest gas price average of any state in the country, but that doesn't ease the $4 a gallon pain at the pump.
Wesley Speelman told CBSDFW on Facebook, "Honestly, if companies initiated work from home again, even for like 2-3 weeks, it would be enough to offset gas prices."
North Texans who spoke to CBS 11 Tuesday night said they don't have a choice to work from home, so they have to pay the price.
While they do have paid drivers to help get all those meals out, Meals on Wheels relies heavily on volunteers who pay for their own gas.
In Texas, the current average price of a gallon of gas is about $3.73.
The increases are coming so fast, up 15% in a week according to AAA Texas, some truck drivers could struggle to keep up.
Gas prices continued to climb Monday, rising to just short of a record high. At their skyrocketing pace, the price per gallon record of $4.11 will probably be broken in just a day or two.
The pain at the pump continues as people shell out more and more money at gas stations, and it's impacting local businesses that rely on delivery drivers.
At her student transportation business in Watauga, Rushelle Wetzel said the fuel cost for her 19 large vans climbed from about $1,300 to more than $2,000 in just a week.
With crude oil prices hitting an 11-year high, no crystal ball needed to predict what's next: higher prices at the pump.
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.
Throughout most of the workweek, highs stay between 100 ° and 103°.
Download custom wake-up messages from the CBS News Texas Mornings team and learn how to set them as your alarm on your iPhone or Android device.
Jessica Shepard and Arike Ogunbowale both scored 15 points and the Dallas Wings used a big run in the third quarter to cruise to an 83-63 win over the Connecticut Sun.
More than three months after Daniel Erving's death, 19-year-old Lucas Roper was indicted by a Dallas County Grand Jury for tampering with evidence.
Former U.S. Rep. Kay Granger, a trailblazing North Texas Republican who became the first woman to serve as Fort Worth's mayor, has died, officials said Sunday night.
Throughout most of the workweek, highs stay between 100 ° and 103°.
Download custom wake-up messages from the CBS News Texas Mornings team and learn how to set them as your alarm on your iPhone or Android device.
Jessica Shepard and Arike Ogunbowale both scored 15 points and the Dallas Wings used a big run in the third quarter to cruise to an 83-63 win over the Connecticut Sun.
Former U.S. Rep. Kay Granger, a trailblazing North Texas Republican who became the first woman to serve as Fort Worth's mayor, has died, officials said Sunday night.
More than three months after Daniel Erving's death, 19-year-old Lucas Roper was indicted by a Dallas County Grand Jury for tampering with evidence.
The reversal comes just weeks after an I-Team investigation showed contention over the disciplinary process.
A phone call from jail raised further suspicions that Carney targeted other girls.
More than 40 years after helping catch an ice cream truck driver who exposed himself to her, an Oklahoma woman testified against him in a Texas trial, helping secure a life sentence.
In 1991, a Plano girl was kidnapped and sexually assaulted. The same thing happened 8 years later in Dallas. Investigators found the same DNA on both victims.
Ashley Keith sat down with CBS News Texas for an exclusive interview, her first ever about her 1991 kidnapping.
Former U.S. Rep. Kay Granger, a trailblazing North Texas Republican who became the first woman to serve as Fort Worth's mayor, has died, officials said Sunday night.
This week on Eye On Politics, a new bill in Congress seeks to revoke birthright citizenship for the children whose parents entered the U.S. illegally, and Texas Lt. Gov. Dan Patrick says social issues matter even as affordability remains at the top of voter concerns.
The hemp industry is still challenging other state regulations in court, so the legal fight in Texas is expected to continue.
Detentions by Immigration and Customs Enforcement set a monthly record high for the second Trump administration in July, internal agency data obtained by CBS News shows, as ICE widened its crackdown.
The Pew Research Center recently found that in 2023, about 320,000 babies were born in the U.S. to mothers who were unauthorized immigrants or had legal temporary status.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
Telehealth platform disclosed users' "most private" health info and locked consumers into subscriptions, regulators allege.
The illness may take up to 14 days to incubate.
Dangerous heat is sending more people to the ER. Here's where North Texas outdoor workers can get free hydration kits.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
A fairly new entertainment and food venue in Allen surprised a lot of people last week by suddenly shutting down.
The future of AI technology manufacturing has landed in North Texas.
Mayor Jim Ross said hotel revenue in the city was a record $31 million in June, smashing the previous mark of $23 million.
Cuban alleges Patrick Dumont has engaged in "adversarial business practices."
During every U.S. World Cup match, 18-year-old Aaron Dotson was selling patriotic gear in downtown Dallas.
Jessica Shepard and Arike Ogunbowale both scored 15 points and the Dallas Wings used a big run in the third quarter to cruise to an 83-63 win over the Connecticut Sun.
Yordan Alvarez tied a career high with four hits, Jeremy Peña hit a home run, and the Houston Astros used a four-run seventh inning to pull away from the Texas Rangers 7-3 and complete a series sweep.
FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.
Romo was arrested in Wisconsin last week, accused of operating a vehicle while intoxicated.
The pressure is rising on FIFA President Gianni Infantino to ditch a $20 billion privatization plan, but soccer's governing body is doubling down and criticizing the media.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
A lawsuit alleges that a drive storing a $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
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.
