Gas prices drop across U.S.
Drivers are beginning to feel some relief as gas prices start to trickle downward. Bloomberg oil futures reporter Julia Fanzeres joins CBS News Mornings to discuss why and who is seeing the lowest price tags.
Gas Prices
President Biden seeks price cap on Russian oil
President Biden is evaluating options to curb the price of Russian oil, in an attempt to limit how much Moscow can spend funding the conflict in Ukraine. Threadneedle Ventures founder and managing partner Ann Berry discussed the administration's plan on CBS News.
Are gas credit cards worth it?
With the rising cost of gas prices, many drivers are considering gas credit cards to save money and earn rewards. CBS MoneyWatch reporter Megan Cerullo joins "CBS News Mornings" to discuss these cards and how to figure out if they're worth using.
How much can you save with a gas credit card?
Not taking advantage of any fuel-savings programs at all is a mistake, according to one analyst.
Gas prices are crazy: The best electric lawnmowers and rechargeable power tools in 2022
Pump the brakes on your gas-powered lawn tools with these electric alternatives from Ego, Black + Decker and more.
Texas home energy bills skyrocket
According to the Texas Tribune, many customers in the state are paying at least 50% more for electricity than they did this time last year. Mitchell Ferman, an energy and economy reporter for the Texas Tribune, joins CBS News' Lana Zak to talk about why natural gas is driving up electric bills in Texas.
Concerns linger on gas prices and inflation
Financial Times U.S. economics editor Colby Smith joins "Red and Blue" to break down what natural gas prices skyrocketing in Europe mean for the U.S., where gas prices may go next, and how worried people should be about inflation.
gas prices impacting summer travel
Lana Zak breaks down how the inflation and high gas prices are impacting summer travel plans.
Fed says sharply higher interest rates may be needed
Fed officials were concerned at last month's meeting that consumers were starting to expect higher inflation in a self-perpetuating cycle.
Stocks rise after Fed admits more rate hikes could weaken economy
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
Crude falls below $100 a barrel for the first time since May 11
Gasoline is now below $5 a gallon across most of U.S. Prices at pump could fall another 40 to 65 cents, expert says.
Can't "out-budget" inflation? Here are things you can do
Rising prices feel impossible to manage when money is already tight. These tips might help.
U.S. stocks fall as inflation, energy weigh on growth
Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.
Small business hit with back rent demands amid high inflation
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Bezos slams White House for telling gas stations to cut prices
The Amazon.com founder claims Biden is either relying on "misdirection or a deep misunderstanding of basic market dynamics."
Millions expected to travel Fourth of July
Approximately 48 million Americans are expected to travel 50 miles or more this Fourth of July holiday. But the high volume of travelers are being met with near-record high gas prices, long airport lines, flight delays and cancellations. Elise Preston has more.
Bracing for Fourth of July travel nightmare
The Fourth of July holiday weekend is expected to be a difficult one for travelers. The airline industry is struggling with a spike in flight cancellations and delays, while drivers face high gas prices. CBS News transportation correspondent Errol Barnett has more.
Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Stocks fall as report reveals pullback in consumer spending
Investors are uneasy as signs point to possible recession caused by Fed interest rates hikes.
Key inflation gauge rose 6.3% in May, unchanged from April
Despite added jobs and higher wages "Americans are running faster just to stay even," said one economist.
Factors of gas prices
Lana Zak breaks down how gas prices are calculated including how much influence Russia's Ukraine invasion has actually had on what you pay at the pump.
Texans view state's economic growth as good but feel higher prices' pinch
Most Texans are having to drive less and cut back on spending.
What is the federal gas tax
Lana Zak breaks down what the federal gas tax actually funds and how much you could actually save if it is suspended.
Stocks fall as inflation fears continue to grip investors
"Confidence is going to continue to shrink as long as inflation remains high," said one analyst.
6/13: CBS News Mornings
House Jan 6. committee holding second hearing; New Jersey gas tops $5 for first time
Trump says he will meet with Zelenskyy after "very successful day" with Putin
President Trump announced the news on Truth Social hours after meeting with Russian president Vladimir Putin in Alaska.
U.S. to more heavily scrutinize "good moral character" citizenship requirement
U.S. Citizenship and Immigration Services instructed officers on Friday to consider additional factors when determining whether immigrants applying for U.S. citizenship have a "good moral character."
White House says National Guard members deployed to D.C. "may be armed"
A White House spokesperson told CBS News that while deployed National Guard members "may be armed," they will not make arrests.
Hurricane Erin, first of Atlantic season, weakens slightly to Cat 4
Erin is the first hurricane to develop over the Atlantic this year, and meteorologists are closely tracking its path and forecast.
West Virginia, South Carolina, Ohio to deploy National Guard troops to D.C.
The moves come as federal agents and National Guard troops have begun to appear across the heavily Democratic city after President Trump's executive order earlier this week.
Israel prepares to move Palestinians to southern Gaza amid protest over war
The Israeli military body in charge of humanitarian aid to Gaza said the supply of tents and other shelter equipment to the territory would resume on Sunday ahead of the mass movement of Palestinians to the south.
Canadian government forces Air Canada, flight attendants into arbitration
Air Canada had suspended all operations after more than 10,000 of the airline's flight attendants went on strike after a deadline to reach a deal passed
Guatemalan prison guards held hostage by rioting inmates freed after 3 days
Guatemalan authorities on Saturday freed nine prison guards who had been held hostage since Thursday by rioting inmates in Guatemala City, an official said.
Thieves steal $2 million in jewelry from Seattle store in 90 seconds
The thieves were armed with bear spray and a Taser, and shattered the building's glass doors before ransacking display cases.