U.S. shoppers should brace for impact of higher oil prices, experts say
Experts warn that surging energy costs are likely to ripple through U.S. supply chains, resulting in higher prices online and in stores.
Watch CBS News
Experts warn that surging energy costs are likely to ripple through U.S. supply chains, resulting in higher prices online and in stores.
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Israel says it killed Iran's top security official Ali Larijani, as America's European allies reject President Trump's demands for help in the Strait of Hormuz.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
As the war against Iran has entered its third week, President Trump said Monday the U.S. has "literally obliterated" its regime.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
U.S. Energy Secretary Chris Wright invoked the Defense Production Act to restore the Sable Offshore Corp.'s Santa Ynez unit and pipeline off Santa Barbara's coastline.
Iran's relentless attacks on Gulf states and infrastructure appear to be overshadowing interventions by the U.S. and its allies aimed at easing energy prices.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.
Relations between the two countries were cut off in 2019, during the first Trump administration.
Americans are now paying an average of $3.246 per gallon, up 26 cents since last week and the highest level since April 2025.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
President Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba.
Idled oil rigs off the California coast could be back up and running soon if the federal government has its way.
President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far more complicated, experts note.
U.S. drivers are likely to see lower prices at the pump this year amid lower global oil prices and strong crude production.
Venezuela is said to have the largest amount of these reserves in the world.
Trump said the "whole infrastructure" of Venezuela has to be rebuilt and that American companies would be used to rebuild it.
Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.
As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.
Americans preparing to hit the road for Memorial Day are likely to find lowest fuel prices in years, according to Gas Buddy.
Prosecutors said Carlos Wilfredo Cruz Rivera initially denied involvement.
Rain coverage will be at its peak throughout the morning, with a few lingering showers by the afternoon.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Wyatt Johnston had two goals and Matt Duchene scored a tiebreaking power-play goal as the Dallas Stars beat the Minnesota Wild 4-2 in Game 2 to even their Western Conference first-round playoff series at a game apiece.
The crash, following an operation to destroy a clandestine drug lab, has reignited a debate over U.S. involvement in Mexican security operations.
Prosecutors said Carlos Wilfredo Cruz Rivera initially denied involvement.
Rain coverage will be at its peak throughout the morning, with a few lingering showers by the afternoon.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Wyatt Johnston had two goals and Matt Duchene scored a tiebreaking power-play goal as the Dallas Stars beat the Minnesota Wild 4-2 in Game 2 to even their Western Conference first-round playoff series at a game apiece.
The crash, following an operation to destroy a clandestine drug lab, has reignited a debate over U.S. involvement in Mexican security operations.
Texans are tuning out more than Amber Alerts, with the highest opt-out rate in the country for wireless emergency alerts.
State records show regulators ordered the removal of a plastic gas pipe installed in the early 1970s after it was linked to multiple explosions and deaths in North Texas.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
A North Texas baby placed under the safe haven law is at the center of a rare custody fight after the biological family came forward months later seeking to reclaim him.
The city's human resources department presented plans to improve outcomes, including more accountability and adding new support positions to help employees navigate the process.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
After KFF Health News reported that the Trump administration is seeking federal workers' medical records, Democratic lawmakers are insisting that the Office of Personnel Management drop its request.
Voters in both parties will not be able to go to any voting center in the county on May 26.
The magistrate recommended that the Boulder firebombing suspect's family be released, saying the family is not dangerous, nor a flight risk, and agreed with the FBI that the family did not know about the planned attack in advance.
The subpoenas went out shortly after the Justice Department appointed conservative Trump ally Joe DiGenova to formally take over the criminal investigation into John Brennan.
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.
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.
After months waiting for a new heart, 9-year-old Penny found hope through music—and a second chance at life.
New Texas regulations took effect March 31 that capped THC in smokable hemp products at 0.3%, banning some popular items.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Weiser said "the last few years has required a heavy financial lift to continue operating."
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.
Wyatt Johnston had two goals and Matt Duchene scored a tiebreaking power-play goal as the Dallas Stars beat the Minnesota Wild 4-2 in Game 2 to even their Western Conference first-round playoff series at a game apiece.
The University of Dallas men's basketball team raised more than $60,000 for the trip that is no longer happening.
Some robots ran the Beijing half-marathon autonomously, while others were controlled remotely, all competing on a parallel course to avoid collisions with human athletes.
The Rangers scored two runs in the seventh with Josh Jung driving in Corey Seager with a sacrifice fly and Evan Carter doubling home Wyatt Langford.
The UConn star is now joining what many are calling one of the best revamped rosters of the upcoming 2026 season.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
"Beverly Hills, 90210" actress Tori Spelling was involved in a two-car crash in Temecula on Thursday night, according to her manager and Riverside County Sheriff's Office officials.
British Prime Minister Keir Starmer said he was concerned about Kanye West's planned appearances at a London festival, given the rapper's past antisemitic remarks.
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.
