Biden plans to tap oil reserve to control gas prices
Energy prices have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.
Gas Prices
Europe seeks energy independence from Russia
Gas prices are once again climbing in Europe, which gets 40% of its gas from Russia, because of supply-chain-related concerns related to the invasion of Ukraine. Josh Wingrove, White House reporter for Bloomberg, joins CBS News' Tanya Rivero and Mola Lenghi to discuss where Europe could begin looking for its future gas needs.
White House exploring ways to lower gas prices
With inflation at a 40-year high, the price of gas is creating "a five-alarm fire at the White House," one reporter said.
Here's where drivers are seeing the biggest breaks on gas prices
Drivers in Maryland and Georgia have seen almost immediate relief from tax holidays. But there could ultimately be a cost.
What can politicians do to lower U.S. gas prices?
From suspending highway taxes to releasing more oil from Strategic Petroleum Reserve, here are policymakers' options.
Biden touts new joint task force to help wean EU off Russian gas
"I know eliminating Russian gas will have costs for Europe," President Biden said as he announced more shipments from the U.S., "but it's the right thing to do."
U.S. oil companies don't plan to drill more, despite high prices
Rather than give consumers relief at the pump, many oil and gas executives are sending profits to investors.
The EU response to the war in Ukraine
European Union leaders are meeting for a second day in Brussels. European Union Ambassador to the United States Stavros Lambrinidis joins CBS News to discuss what actions leaders are considering as the Russian invasion of Ukraine continues.
Stimulus checks for gas? Here's what could be coming your way.
A trio of bills in Congress would offer stimulus payments and rebates to help Americans cope with soaring gas prices.
Several states temporarily suspend gas taxes
Certain states have temporarily suspended their gas taxes as prices at the pump have surged in the U.S. amid inflation and Russia's war with Ukraine. Tamar Essner of Vectis Energy Partners joined CBS News' Meg Oliver and Tanya Rivero to discuss the gas tax holiday.
Here are the states suspending their gas taxes
As gas prices soar across the country to record highs, states are grappling with how to help consumers.
How the price of crude oil affects local operators in America
Oil prices have been especially volatile in the last five years, and the boom and bust of the oil patch can have a major impact on small producers.
How to increase your gas mileage
With gas prices soaring, motorists known as "hyper-milers" have found ways to drive with fuel efficiency in mind. Kris Van Cleave gets behind the wheel to learn the secrets to "going the extra mile" on a tank of gas.
The secrets to saving money at the pump by "hyper-miling" on the road
Wayne Gerdis said his slow and steady approach to driving has been getting him well over 80 miles per gallon, saving him about $2,500 a year.
What makes gas prices go up and down?
Last week U.S. gas prices hit a record high, which adds to the cost of just about everything we buy. But is the Russian invasion of Ukraine – and the U.S. ban on Russian oil – to blame? Not entirely, correspondent David Pogue learns, as he checks with experts, including a gas station manager, about what accounts for price volatility at the gas pump.
"Hypermilers" go to extremes for fuel efficiency
As gas prices hover near record highs, some drivers are going to extremes to conserve fuel. They're known as "hypermilers." Kris Van Cleave takes a look.
How one driver averages more than 80 miles per gallon as gas prices increase
The high price of gas has led some drivers to master the art of fuel efficiency.
U.S. gas prices ease back from record high
Prices at the pump now average $4.27 per gallon, down 6 cents from their peak last week.
Hundreds of cars line up for Chicago businessman Willie Wilson's $200K free gas giveaway
As gas prices rise, former Chicago mayoral candidate and businessman Dr. Willie Wilson is helping by donating $200,000 in gas at select locations on Thursday.
Could the Keystone XL pipeline help lower U.S. gas prices?
As prices at the pump surge, GOP leaders see the suspended oil pipeline as a solution. But the answer isn't so simple.
Stock market reacts to interest rate hike
The Federal Reserve announced it will raise interest rates by a quarter percentage point to fight soaring gas prices and inflation. Trading expert Joe Saluzzi joined CBS News' Anne-Marie Green and Vladimir Duthiers to discuss how the stock market is reacting and what this means for our bank accounts.
Trucking industry hit hard by rising fuel costs
Record diesel prices are stalling the trucking industry. The costs are trickling down through the economy. Errol Barnett reports.
Trucking industry feels pain of rising diesel prices
The steep prices are trickling down through the economy.
Can Keystone XL pipeline lower U.S. gas prices?
As Americans face record high gas prices, many are debating whether the Keystone XL pipeline could help. Here's what experts say.
U.S. considers banning Russian oil imports
The U.S. government is considering banning oil imports from Russia as the attack on Ukraine continues. The war is already impacting gas prices nationwide. Mike Sommers, the president and CEO of the American Petroleum Institute, joins CBS News' "Red & Blue" to discuss.
Netanyahu hopes to announce release of Gaza hostages "in the coming days"
The plan called for Hamas to return all Israeli hostages and for the Israeli military to begin withdrawing from parts of the Gaza Strip in phases.
Virginia AG candidate faces backlash over violent, inflammatory text messages
In text messages from 2022, former Virginia House Delegate Jay Jones mused about hypothetically shooting then-Republican Speaker of the House of Delegates Todd Gilbert.
Ex-NFL QB Mark Sanchez arrested on battery charges after being hospitalized
Mark Sanchez, who is a Fox Sports analyst, was arrested on multiple misdemeanor charges at an Indianapolis hospital, police said.
Pritzker: Trump administration intends to federalize 300 Illinois National Guard
The statement comes amid clashes between protesters and federal agents in Broadview, Illinois, and other reported ICE activity around the city of Chicago.
Government shutdown to continue into next week after Senate votes fail again
The 2025 government shutdown stretched into its fourth day on Saturday, with the Senate again failing to advance competing proposals to end the impasse.
British police arrest 6 after deadly Manchester synagogue attack
Police have arrested six people on suspicion of terror offenses after an attack on a synagogue in northwest England.
FBI weighing a perp walk for Comey — and suspended an agent for refusing to
The FBI is considering carrying out a "showy" arrest and perp walk of the agency's now-indicted ex-Director James Comey, sources tell CBS News.
Rite Aid closing all locations after decades in business
Rite Aid announced on its website that all locations will be closing.
Feds shoot woman in Chicago suburb after allegedly being boxed in by cars
The Department of Homeland Security said federal agents shot a woman in Broadview, Illinois, after they said they were rammed and boxed in by cars Saturday.