Why are gas prices so high? Here are 3 reasons
Consumers may incur an extra $2,000 in fuel costs this year, and fuel prices could still be headed higher.
Gas Prices
Global economy impact of Ukraine crisis
Russia attacked Ukraine during a U.N. Security Council meeting Wednesday night. It sparked condemnation from the U.S. and European allies as the United States considers additional sanctions against Russia and Russian President Putin's inner circle. The attack has sparked fears of a global economic downturn and higher gas prices in the country. Nancy Cordes reports.
Impact of Russian invasion on gas prices
Helima Croft, head of Commodity Strategy at RBC Capital Markets, joined "CBS Mornings" to discuss how the Russian invasion of Ukraine could impact gas prices, food prices and other commodities in the U.S.
How to cut costs amid 7.9% inflation
CBS News business analyst Jill Schlesinger joins "CBS Morning" to share ways to save money at the gas pump and grocery store amid record-high inflation.
Economic impact of Russian invasion
The Russian invasion has already had a wide economic impact as global markets tanked overnight and oil prices hit a high, with barrels topping $100 for the first time since 2014. CBS News business analyst Jill Schlesinger has more on what we can expect over the coming days.
Biden weighs Russian oil ban
As gas prices hit an all-time record high across the U.S., the Biden administration is considering a Russian oil ban amid talks with Venezuela and Iran to possibly help supplement the global oil supply. CBS News' senior White House correspondent Weijia Jiang reports.
Soaring gas prices hit drivers and airlines
Americans are considering changing their driving habits if gas prices continue to rise amid the Russian invasion of Ukraine. Meanwhile, some airlines are cutting flights and ticket prices are up 20%. Errol Barnett has the latest.
Gas prices rise as workers return to office
Gas prices are hitting records just as many Americans are returning to the office. CBS News congressional correspondent Scott MacFarlane joins Tony Dokoupil to discuss the economic and political fallout.
El-Erian: Fed has "no good policy options"
Mohamed El-Erian, the chief economic adviser for Allianz, says the Federal Reserve can either raise interest rates and risk a recession, or allow inflation to continue to rise.
CBS News poll: Strong support for sanctions
CBS News elections and surveys director Anthony Salvanto discusses a new CBS News poll finding broad support for sanctioning Russian oil, even if it means higher gas prices.
IMF chief expects "deep recession" in Russia
Kristalina Georgieva, the managing director of the International Monetary Fund, says the Russian economy is being hit hard by sanctions imposed by the U.S. and the West.
CBS News poll: Strong support for sanctions even if gas prices increase
Americans look to punish Russia, concerned it will invade others too.
Truck convoys coming to Washington D.C.
Truck convoys are making their way to D.C. to protest mandates restricting entrance into the U.S. and rising gas prices. The National Guard will be brought in to help with potential disruptions. Scott MacFarlane has more on the looming trucker protest.
Uber adds surcharge as gas prices spike
The surcharge on rides and deliveries will depend on the average trip length and gas prices in each market, the company said in its announcement
Americans are paying dearly for gas as prices reach fresh highs
A day after gas prices reached an all-time high, fuel costs jumped to a new record. Americans are feeling the pain.
Congress fights effects of Russia-Ukraine war
Intelligence analysts warned during a Senate Intelligence Committee hearing Thursday that Russian President Vladimir Putin may double down in his war in Ukraine as more economic action is taken against him, while lawmakers call for action as U.S. consumers see gas prices rise. CBS News congressional correspondent Scott MacFarlane joins CBS News' Tanya Rivero and Jamie Yuccas with an update on the conflict's effects and more news from Capitol Hill.
MoneyWatch: Soaring gas prices strain budgets
A new analysis finds the rise in gas prices will cost an average American household $2,000 more per year. CBS MoneyWatch reporter Aimee Picchi joins "CBS News Mornings" to break it all down.
Soaring gas prices spawn conspiracy theories about electric vehicles
The false assertions being spread on social media would have readers believe the Biden administration is intentionally driving up the price of gas to get more Americans to buy electric cars.
MoneyWatch: Russia energy ban squeezes sector
Americans could feel even more pain at the pump after the U.S. banned all Russian oil imports as part of the Biden administration's sanctions aimed at damaging Russia's economy. Peter Spiegel, the U.S. managing editor for the Financial Times, joins "CBS News Mornings" to break it all down.
White House searches for energy alternatives
The Biden administration has banned Russian energy imports, leading U.S. gas prices to soar even higher. CBS News senior White House correspondent Weijia Jang joins "CBS News Mornings" from the White House with more details on the search for relief.
Russia announces another cease-fire
Russia announced another cease-fire after Ukrainian officials again accused the country of violating a previous agreement. In the U.S., President Biden banned Russian oil, gas and coal imports. CBS News foreign correspondent Ian Lee has the latest.
U.S. gas prices surge to all-time high as oil costs soar
California drivers are paying some of the highest prices in the U.S., with one county averaging more than $6 a gallon.
What the U.S. ban on Russian oil and gas means for Americans
As it cuts off Russia, the Biden administration is negotiating with other oil-producing nations to fill the gap.
Biden bans Russian gas, warns prices will rise
President Biden announced a ban on Russian energy imports in a speech on Tuesday. CBS News senior White House and political correspondent Ed O'Keefe joins CBS News' Tanya Rivero and Lilia Luciano with more from the president's speech.
U.S. stocks drop, oil prices surge as Russian invasion escalates
U.S. stocks are continuing to drop over tensions in Ukraine, as rising oil prices disrupt global markets. Dion Rabouin, a reporter for The Wall Street Journal, joins CBS News to discuss the impact on the nation's economy.
Hurricane Erin could bring "life-threatening" surf, rip currents to East Coast
Meteorologists are closely tracking the projected path and forecast of Hurricane Erin, which is the first hurricane to develop over the Atlantic this year.
Noem says entire southern border wall will be painted black to stop climbing
Homeland Security Secretary Kristi Noem says the entire southern border wall with Mexico is being painted black to deter illegal immigration, at President Trump's request.
Politics may have spurred August purge of 5 veteran FBI agents
Details are emerging about the possible motivation behind the firing of five senior FBI agents.
House committee to make Epstein files public after Justice Department subpoena
The House Oversight Committee intends to release the documents related to the Jeffrey Epstein case, a spokesperson said.
Hurricane Erin forces Outer Banks evacuations, East Coast beach closures
Hurricane Erin is forcing evacuations on North Carolina's Outer Banks as it threatens to whip up wild waves, rip currents and tropical-force winds.
Kilmar Abrego Garcia's lawyers ask judge to dismiss criminal charges
Kilmar Abrego Garcia — who was wrongfully deported to El Salvador only to be brought back to face smuggling charges — asked a federal judge to dismiss his indictment.
Nebraska governor announces plan for immigrant detention center
Nebraska Republican Gov. Jim Pillen announced plans Tuesday for an immigration detention center in a farming area in the state's southwest corner.
6 severed heads found on road with message about revenge
Messages are often left on victims' bodies by cartels seeking to threaten their rivals or punish behavior they claim violates their rules.
Fiery bus crash kills dozens of migrants just deported back to Afghanistan by Iran
Seventy-six people were killed in a collision between a bus carrying Afghan migrants just deported by Iran and two other vehicles in western Afghanistan, officials say.