Biden releases oil reserves to battle gas prices
President Biden announced plans to release oil from the Strategic Petroleum Reserve in an effort to bring down high gas prices. Ed O'Keefe shares more.
Gas Prices
Biden details plan to increase gas supply
President Biden spoke Tuesday about how his administration is tapping an emergency oil reserve to increase supply and help lower gas prices at the pump. He also spoke broadly about the state of the economy. CBS News congressional correspondent Kris Van Cleave joins CBSN's Tanya Rivero to discuss.
U.S. to release oil from nation's reserves
President Biden announced he will order the release of oil from the nation's Strategic Petroleum Reserve, part of a larger plan to address rising gas prices and their effect on the economy. CBS News' Skyler Henry reports and CBS MoneyWatch reporter Irina Ivanova explains down how this plan will affect the cost of gas moving forward.
Biden releasing oil from strategic reserves to help lower gas prices
The administration has been pushing China, India, Japan and South Korea to join in a coordinated effort to release reserves of crude oil to help tamp down rising gasoline prices.
Biden to address gas prices, economy
President Biden will speak about rising gas prices and the state of the economy as his administration plans to release some oil from the Strategic Petroleum Reserve in an attempt to lower prices at the pump. Sean Sullivan, a CBS News political contributor and White House reporter for The Washington Post, joins CBSN to discuss the latest.
Biden takes steps to reduce gas prices
President Biden will speak this afternoon on the current state of the economy. Earlier, he announced plans to release oil from the strategic petroleum reserve to help combat rising gas prices. CBS News senior White House correspondent Weijia Jiang joined CBSN with more.
Here's how much more you're paying for food and fuel
Household budgets are feeling the pinch as inflation rises, pushing up the cost of staples like gas and milk.
Can President Biden do anything to lower gasoline prices?
The White House has called on the FTC to investigate high prices and suggested it may tap the nation's strategic reserves.
Biden wants FTC to investigate gas prices
The cost of gasoline is up nearly 50% from a year ago, the latest Consumer Price Index showed.
Consumers to pay higher prices during holidays
Economists say inflation will force millions of Americans to pay higher prices during the holiday season this year. Associated Press writer Paul Wiseman joins CBSN's Lana Zak to discuss more.
The cost of heat and gas is surging. Here's why.
As inflation roars, Americans should brace for a big jump in heating costs this winter, according to energy regulators.
October's inflation spike steepest in 30 years
Americans are paying more for a broad swath of goods, ranging from basics like food to big items such as automobiles.
Gas jumps 20 cents a gallon in a month
U.S. drivers paid an average of more than $3.36 per gallon Monday, according to one price tracker.
Spike in fuel prices could mean an energy crisis this winter
Driving your car is costing a lot more — and heating your home this winter could, too.
With motorists paying the lowest Memorial Day gas prices in 11 years, AAA expects more than 38 million Americans will be driving to their holiday destinations - that's 700,000 more than last year
With motorists paying the lowest Memorial Day gas prices in 11 years, AAA expects more than 38 million Americans will be driving to their holiday destinations - that's 700,000 more than last year. Senior consumer analyst Vera Gibbons joins "CBS This Morning: Saturday."
Why are U.S. gas prices so high? Not for the reason Biden thinks
While the president blames "profiteers," energy analysts point to other reasons why prices at the pump have jumped.
Ida likely to drive up U.S. gasoline prices
Storm shut down 95% of oil and gas production in the Gulf Coast and disrupted fuel deliveries.
Ida impacts oil and gas production in Gulf Coast
Almost all of the Gulf's crude oil and gas production are shut down as the region reels from Hurricane Ida. It could lead to an increase in gas prices.
FDA to authorize third COVID vaccine dose
The Food and Drug Administration's expected decision to authorize a third coronavirus vaccine dose comes as the White House intensifies its push to vaccinate more Americans and a growing surge in COVID-19 cases. CBS News senior White House correspondent Weijia Jiang joins CBSN to discuss this and other headlines from the administration.
Why is it so hard to find chargers for electric cars?
The Biden Administration is increasing its efforts to expand the nation's green economy, starting with electric vehicles. CBS News climate and energy reporter Cara Korte spoke with CBSN's Tanya Rivero about why current utility restrictions could hamper the President Joe Biden's efforts to add 500,000 charging stations nationwide.
Upticks in car and gas prices driving inflation
A surge in car and gas prices is causing inflation to rise at the fastest pace since 2008. Fueling the increase in prices is a microchip shortage. CBS News MoneyWatch reporter Irina Ivanova joined CBSN's Elaine Quijano to discuss.
Desperate travelers face high prices, crowded vacation spots
Americans desperate for vacation are facing increasing prices in hotel rooms, airfare, gas and car rentals.
Pumping up the prices
Friday morning, millions of Americans are hitting the road to get a jump start on their 4th of July weekend. More than 47 million people are expected on roadways and in the skies, nearly matching pre-pandemic levels this holiday weekend. Errol Barnett reports.
Gas prices soar ahead of July 4 weekend
Holiday travelers may find sticker shock at the gas station — if the station hasn't run dry of fuel. Errol Barnett has more.
Gas prices at 6-year highs as panic-buying prolongs shortages
Five days after Colonial Pipeline resumed operations, more than 10,500 stations still empty in southeastern states.
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.
Oregon judge temporarily blocks deployment of the National Guard to Portland
U.S. District Judge Karin Immergut, a Trump appointee, issued the temporary restraining order, which is set to expire on Oct. 18, according to court records.
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.
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.
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.
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.
Rite Aid closing all locations after decades in business
Rite Aid announced on its website that all locations will be closing.
Security video helps lead to a masked killer who tried to hide the crime
Dr. Steven Milner, a well-respected Oregon veterinarian, was accused of stalking and disguising himself before murdering Kenny Fandrich — the husband of a former employee. Security cameras played a key role in how detectives pieced the case together.