Oil is rising amid the Israel-Hamas war. Here's impact on gas prices.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Gas Prices
Oil prices and the Israel-Hamas conflict
Israeli and Palestinian territories are not major oil producers, but if their conflict spreads to other parts of the region it could have major consequences for oil production and prices. Al Root, a senior writer for Barron's, joined CBS News to discuss what could happen.
Oil cuts abroad could impact interest rates
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
How gas prices could affect Labor Day plans
Labor Day weekend is here, and millions of Americans --an estimated 148 million according to one survey -- aren't planning to stay home. CBS News senior transportation correspondent Kris Van Cleave has the latest on the travel rush.
Heat wave partly to blame for surge in gas prices
The average price of a gallon of regular gasoline has risen about 30 cents in the last month. The increase is due in part to scorching temperatures which have forced some oil refineries, which are not designed to operate about 95 degrees, to cut production. Kris Van Cleave has more.
Gas prices jump to 9-month high
The average price of a gallon of gas across the U.S. is $3.83 according to AAA, a 9-month high. Wall Street Journal reporter Hardika Singh joined CBS News to discuss the reason for the price spike at the pump.
3 reasons gas prices are climbing again
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
Gas prices spiking nationwide
The average price of a gallon of gas nationwide is up to $3.83 according to AAA, over 30 cents more than a month ago. Saudi Arabia's efforts to curb oil production and the summer's record-breaking heat are being pointed to as factors for the high prices. CBS News senior transportation correspondent Kris Van Cleave has the latest.
Gas prices high, but relief could be coming
An oil production cut could lead to more pain at the pump for Americans. Gas prices shot up in July, causing an increased cost for summer road trips. We asked senior transportation correspondent Kris Van Cleave to explain why heat is costing you at the pump.
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U.S. gas prices expected to drop
According to AAA, the national average of a gallon of gas is $3.53, down from an average of $4.78 a year ago. Patrick De Haan, head of petroleum analysis at GasBuddy, joined CBS News to talk about what could keep prices at the pump trending down.
Markets fluctuate after Saudi oil cut
Oil prices are down slightly after an increase on Monday. Saudi Arabia announced Sunday it would cut down on its oil production by 1 million barrels per day in July. Summer Said, a senior Middle East correspondent for the Wall Street Journal, has more.
The best electric lawn mowers in 2023
Pump the brakes on your gas-powered lawn tools with these electric alternatives from Greenworks, Black + Decker and more.
Italy leads revolt against Europe's electric vehicle transition
PM Giorgia Meloni's far-right government tried and failed to block EU plans to ban all new fossil fuel-powered cars by 2035, but it's not giving up the fight entirely.
Arizona experiencing unusually high gas prices
The average price of a gallon of regular gas in Arizona is over $1 more than the national average. Kris Van Cleave examines why this is the case.
Arizona drivers contend with unusually high gas prices
The average price of a gallon of regular in Arizona is over $1 more than the national average.
U.S. average gas prices up slightly
AAA says the national average for gas prices is up by around 20 cents per gallon compared to a month ago. David Uberti, a reporter for The Wall Street Journal, breaks down what to expect in the next few months.
South Florida faces fuel supply issues after devastating storm
At one point Tuesday, more than half of all gas stations in the Miami and Fort Lauderdale area were out of fuel, according to GasBuddy.com.
Walmart Plus: Why you should cancel Amazon Prime and make the switch
Become a Walmart+ member to shop exclusive sales, save money on gas, and get a subscription to Paramount+ for free.
OPEC announces cuts to oil production
OPEC unexpectedly announced cuts to oil production. The move will likely increase the price of gas.
Oil prices soar after OPEC+ announcement
Oil prices soared unexpectedly today after OPEC+ producers unexpectedly announced a massive output cut. Kevin Book, managing director of Clearview Energy Partners, joins CBS News' Lilia Luciano and Lana Zak to discuss the announcement and how it could impact gas prices.
Here's what OPEC's production cuts mean for U.S. gas prices
Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
California lawmakers approve nation's first penalty for gas price gouging
The Democratic-led state Legislature voted to give regulators the power to punish oil companies profiting from the type of high gas prices suffered by Californians last summer.
General testifies he didn't hear L.A. protests described as "rebellion"
Three officials involved in President Trump's controversial L.A. National Guard deployment testified in court.
CDC employee on Atlanta headquarter shooting: "Shocking but not surprising"
Four CDC workers told CBS News under the condition of anonymity that they were "deeply disappointed and frustrated" by an apparent lack of leadership after the shooting.
Dana White says UFC hosting first-ever White House fight on July 4
UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.
Inflation rate rose by 2.7% in July, CPI report shows
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
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Abbott says Texas Republicans may seek to add even more GOP congressional seats
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Taylor Swift announces 12th studio album, "The Life of a Showgirl"
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Wisconsin woman found guilty 6 years after failed assassination in U.K.
Aimee Betro covered her face in a niqab as she climbed out of a car in 2019 and tried to shoot a man at point-blank range, prosecutors said.
Gold medalist ski jumpers charged in cheating scandal caught on video
Star ski jumpers Marius Lindvik and Johann André Forfang and three others were formally charged as part of an investigation into "equipment manipulation."
Man accused of faking death, fleeing U.S. faces alleged rape victim in court
A man known in the U.S. as Nicholas Rossi, accused of faking his death and fleeing to the U.K. to avoid rape charges, faced an alleged victim in court on Monday.