Fast Rising Gas Prices Could Hurt Recovering Economy
Gasoline prices around North Texas on Wednesday were hovering around $3.71 a gallon for regular unleaded. But, some commuters are already paying more.
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Gasoline prices around North Texas on Wednesday were hovering around $3.71 a gallon for regular unleaded. But, some commuters are already paying more.
Officials with Dallas Area Rapid transit (DART) are optimistic they'll see a bump in ridership because of spiking gasoline prices. Gas prices have been on the rise for more than a month and public transportation systems across North Texas have seen an increase in passengers.
Analysts are sounding a warning -- it is possible that drivers could be paying $4.00 for a gallon of gasoline later this year. But there are things you can do to still save money.
AAA Texas reported on Thursday that the average price per gallon at the pump reached $3.38. Nationwide gasoline prices also rose, increasing 13 cents to hit $3.55 per gallon.
Commuters are adapting to increasing traffic congestion by building delays into their schedules, but at a cost of $121 billion in wasted time and fuel, according to one study.
AAA Texas reported that the price of a gallon of regular unleaded gas is $3.24. That's up from last week's average of $3.16, but still 18 cents below the national average.
AAA Texas reported Thursday that the average price for unleaded regular fuel statewide is $3.16 a gallon. That is 16 cents per gallon cheaper than the national average.
Gas prices in Texas slipped a nickel this week. AAA Texas reported that the average price at the pump was $3.09 per gallon. National prices declined to $3.30 per gallon.
Retail gasoline prices across Texas have slipped 2 cents this week to settle at $3.14 per gallon.
AAA Texas said that gas prices have held steady and remain at an average $3.16 per gallon. A survey also found nationwide prices at the pump were also unchanged at $3.41 per gallon.
Most Americans who traveled during this Thanksgiving holiday came face to face with an American reality: while there is much to be thankful for, our infrastructure is not one of those things.
AAA predicts 43.6 million people nationwide will travel 50 miles or more this holiday season.
Gas prices across Texas have slipped 2 cents this week as travelers prepare to hit the road for Thanksgiving. AAA reported the average price at the pump in Texas was $3.16 per gallon.
Retail gasoline prices across Texas have continued their slide by falling a nickel this week. AAA Texas on Thursday reported the average price at the pump has slipped to $3.18 per gallon.
The number of Americans hitting the road this Thanksgiving is expected to increase slightly from a year ago. But they'll take shorter trips to save on gas and other costs as household budgets remain tight.
Retail gasoline prices across Texas continue to fall with a 7-cent drop this week. AAA Texas on Thursday reported the average price at the pump slipped to $3.23 per gallon.
Gas prices are sharply lower in Texas, and analysts say the drop is due in part to falling demand because so many vehicles and airplanes on the East Coast were idled by Superstorm Sandy.
Retail gasoline prices have taken a tumble this week across Texas.
The average price of gasoline in Texas has fallen 4 cents to $3.51, with the least expensive gas in San Antonio. Drivers in Texas are paying 23 cents less than the national average.
The two presidential candidates were asked a question by CBS Local about Obamacare vs. Romneycare and asked them to talk about the similarities or differences between the two plans.
Today on the CBS Local forum, Romney and Obama were asked: What will you do to make the U.S. more energy independent?
Americans continually hear that the president of the United States can do nothing about gas prices. John Hofmeister says that isn't true. The doubled gas prices could have been avoided but no one in a political position who can do anything about the prices wants to do anything.
Regular unleaded gasoline prices have fallen by an average of 4 cents to $3.54 per gallon in the weekly AAA Texas survey. The state's cheapest gasoline is found in Fort Worth.
Retail gas prices in Texas are down 7 cents this week in part because of the end of summer. AAA Texas reported that the average price of regular unleaded was $3.58.
Retail gasoline prices across Texas and nationwide have slipped 2 cents this week. AAA Texas on Thursday reported the average price at the pump settled at $3.65 per gallon statewide.
She was located at a bus terminal in Houston and was safely taken into custody.
Even officers fired for drugs or excessive force can win their jobs back under Texas' civil service system — and many do.
Union leaders in North Texas say TSA and EPA employees face financial strain and job insecurity as Congress stalls on a funding deal.
Federal agents seized cash, business records and detained undocumented immigrants in a multi-agency operation targeting Chicas Bonitas Cabaret.
Elizabeth Wolf, of Euless, pleaded guilty to attempted murder and injury to a child last week.
She was located at a bus terminal in Houston and was safely taken into custody.
Even officers fired for drugs or excessive force can win their jobs back under Texas' civil service system — and many do.
Union leaders in North Texas say TSA and EPA employees face financial strain and job insecurity as Congress stalls on a funding deal.
Federal agents seized cash, business records and detained undocumented immigrants in a multi-agency operation targeting Chicas Bonitas Cabaret.
Elizabeth Wolf, of Euless, pleaded guilty to attempted murder and injury to a child last week.
The CBS News Texas I-Team first reported in April that many veterans were receiving fewer approved hours through the Department of Veterans Affairs' Homemaker Home Health Aide (H/HHA) Program.
Out of 59 North Texas school districts the CBS News Texas I-Team surveyed, five adopted Bluebonnet Learning RLA for this school year.
Court records reviewed by the CBS News Texas I-Team show Cobos-Martinez, a Cuban national, had been arrested multiple times over the past eight years.
Lithium-ion battery fires are rising in North Texas, pushing firefighters to test new tactics against the dangerous blazes.
Following the enactment of a strict ban on abortions, research has shown more Texas families are losing newborns.
Federal immigration officials have revealed plans to reopen the Deferred Action for Childhood Arrivals program to new applicants to comply with a court order.
Pfizer's CEO said President Trump's threat of tariffs motivated his company to take swift action.
The first government shutdown in nearly seven years began at midnight after lawmakers failed to reach a deal on extending funding.
Republican Congressman Keith Self discusses free speech regulations and the possibility of taking a look at FCC guidelines. "I think it's absolutely reasonable for Congress to take a look at that law, to see what needs to be updated, how they're going to be treated the same, whatever the outcome is," said Self.
Democratic Congresswoman Julie Johnson discusses free speech and FCC regulations following Charlie Kirk's assassination. She says, "The public had a humongous backlash to that, and really responded and felt like this was authoritarianism at its worst." Johnson says that the government should not censor anyone regardless of party or administration.
"For us, it's a lifestyle," said Joe Chavez. "It's not just a weekend of cruising. It's a whole culture, it's a whole thing."
"We would love for them to feel as if they are performing with us, that's our goal."
You can't talk about impactful Texas musicians without mentioning Jose De Leon Hernandez—better known as Little Joe from "Little Joe y la Familia."
At Crecer Beauty Salon and Plant Shop, it's not just the greenery that will pull you in, it's the energy.
Chef Rambo Saucedo, from Cantina Laredo shares how food plays a role in the celebration and preservation of culture.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
President Trump's announcement this week about an alleged link between Tylenol and autism has drawn pushback from medical experts.
A team of Harvard researchers analyzed data for more than 66,000 nurses, ages 36 to 56, who were surveyed about their own health for 20 years.
Four physicians, who recently resigned from the CDC in protest, tell "Sunday Morning" they believe HHS Secretary Robert F. Kennedy Jr. is jeopardizing the nation's public health.
When it comes to children with disabilities, the focus is often on their needs, but a North Texas nonprofit is shifting attention to the moms who make sure those needs are met.
The Texas Poison Center Network said that so far this year, it has received 192 reports of exposures involving kratom or 7-OH.
The SEC approved TXSE as a national securities exchange, paving the way for the first new, fully integrated U.S. stock exchange in decades — and the only one based in Texas.
The Plano store will close in early 2027 after the company sold the property to the mall's developer.
At Crecer Beauty Salon and Plant Shop, it's not just the greenery that will pull you in, it's the energy.
As dozens of new laws take effect across Texas this month, the ban on THC-infused vape products is already having a visible impact on small businesses across North Texas.
Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1.
The Dallas Wings have fired coach Chris Koclanes after going 10-34 in his only season.
Bruce Bochy will not return as the Texas Rangers manager next season, the organization announced Monday night.
Kyrie Irving says he's on schedule in his recovery from a torn ACL and Anthony Davis will need protective eyewear for the rest of his career after surgery to repair a detached retina.
Brandon Aubrey and Brandon McManus traded short field goals in overtime, and Micah Parsons' highly anticipated return to Dallas ended with the Cowboys and Green Bay Packers in a 40-40 tie.
Brayan Rocchio hit a three-run homer in the 10th inning and the Cleveland Guardians rallied for a 9-8 victory over the Texas Rangers, putting an exclamation point on their improbable AL Central title.
Dolly Parton is postponing her upcoming Las Vegas concerts over recent "health challenges," she announced Sunday.
The NFL, Apple Music and Roc Nation announced Bad Bunny will lead the 2026 Super Bowl halftime festivities at Levi's Stadium on Feb. 8 in Santa Clara, California.
Selena Gomez married Benny Blanco, the music producer and songwriter to whom she'd been engaged since last year. Gomez shared photos from the ceremony on social media.
A former stylist for Sean "Diddy" Combs, who testified against the disgraced music mogul in his criminal trial, has filed a lawsuit accusing Combs of sexual abuse and violence.
Jimmy Kimmel returned to his late-night show just less than a week after network broadcaster ABC pulled "Jimmy Kimmel Live!" over remarks he made about the assassination of conservative activist Charlie Kirk.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
