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.
Fairview police said several high-end personal items of Cowboys receiver CeeDee Lamb were missing from the home.
People hit the pavement for 5K and 10K races, as well as a kids and family 1K.
An investigation is ongoing.
One firefighter was set to be released from the hospital on Sunday, while the other will see further treatment.
The victims were taken to a hospital in stable condition.
Fairview police said several high-end personal items of Cowboys receiver CeeDee Lamb were missing from the home.
The decision comes after both prosecutors and Anthony's new defense team revealed more details in a tense two-day hearing.
People hit the pavement for 5K and 10K races, as well as a kids and family 1K.
An investigation is ongoing.
One firefighter was set to be released from the hospital on Sunday, while the other will see further treatment.
"Maybe this is one of those times that we just need to be loud and make people hear us that they're not being treated fairly," she said.
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.
Some groups have filed lawsuits and emergency injunctions to keep the government from doing construction projects in the national nark.
The highly regarded Cook Political Report has moved the contest from Lean Republican to Toss-Up.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
The Central African Republic is one of more than 30 countries the U.S. government has convinced to accept third-country deportees arrested as part of President Trump's large-scale crackdown on illegal immigration.
Texas Gov. Greg Abbott is asked about data centers in Texas and the likelihood of a special session to discuss the topic. He also talked about the construction at Big Bend and his reaction.
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.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Dallas County health officials said the possible exposure happened during the 2025-26 school year, and that testing is recommended for returning students in grades 10-12.
Casting for Recovery was started by two women, a professional angler and a reconstructive breast surgeon, who recognized the healing powers of fly fishing.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
The project would include a new Dallas Stars arena, along with restaurants, shops and public spaces.
It's an annual Dallas tradition, but this year those pink Cadillacs are parking in Fort Worth.
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.
Fairview police said several high-end personal items of Cowboys receiver CeeDee Lamb were missing from the home.
The Buffalo Bills expressed their condolences to defensive tackle Ed Oliver on the death of his 2-year-old son.
Serena Williams will team up with Carlos Alcaraz to create a powerhouse mixed doubles pair in her return to the U.S. Open.
Olympian Jenny Simpson said she won't be able to run again after being diagnosed with a rare heart condition earlier this year.
Jacob deGrom struck out 10 and allowed one hit and one walk in six innings while reaching 2,000 career strikeouts in the second-fewest games or innings in major league history as the Texas Rangers beat the Washington Nationals 2-0.
After Hayden Panettiere's death, fans resurfaced her claim that Neutrogena had fired her in 2015 over her comments about postpartum depression.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Hayden Panettiere, who shares a daughter with the former boxing champ, died on Sunday at 36 years old.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
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.
