Gas Prices Could Soon Go Back Up
With gas prices at lows we haven't seen in seven years, one analyst said drivers should buy now, because prices are likely to go back up soon.
Watch CBS News
With gas prices at lows we haven't seen in seven years, one analyst said drivers should buy now, because prices are likely to go back up soon.
While motorists around Chicago are well aware of plummeting gasoline prices, the average cost of a gallon of petrol is actually below the national average.
Gas prices have been steadily declining in Chicago for the past few weeks, reaching the lowest levels seen in years, and one industry expert said the bottom will continue to drop.
The average price of a gallon has fallen about 11 cents in the last week and drivers are loving it.
Triple A declares this year's to be the busiest holiday for travel ever.
Chicago cab driver Tony Liauppa is doing well these days.
Even with crude oil prices inching up a bit on Wednesday, Chicago area gas prices have been tumbling.
Repairs at BP's Whiting, Ind., refinery sent gas prices plunging last week across Chicago and nationwide, the biggest single-week drop this year.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said Chicago area drivers can expect to see prices fall by up to 50 cents in the next couple weeks, after BP confirmed it has reopened the crude distillation unit that went offline on Aug. 8.
If you have a late summer road trip planned, there's good news—the average gas price in the Chicago area has dropped 15 cents since Thursday, and prices are expected to keep going down.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, called the recent spike in prices at the pump one of the worst he's ever seen.
Though gas prices have been plummeting nationally, drivers in the Chicago area suddenly have seen a major bump at the pump.
Gas prices normally spike during the summer driving season, but this year they have been plummeting.
Gas prices in the Chicago area are heading lower and this trend may continue.
Regular unleaded is $3.04 a gallon in Chicagoland. The national average is $2.73, according to AAA Motor Club.
For the first time this year, the average price of gas in the Chicago area has climbed to more than $3 per gallon.
The rising cost of crude oil is causing gas prices to go up nationwide, and Chicago could soon see it hit over $3 a gallon.
If you've filled your tank in the past couple days, you've probably noticed a sudden spike in gas prices.
If you've filled up your tank in the past few days, you've probably noticed prices at the pump have started rising again.
CBS 2's Jim Williams reports months ago governments they didn't anticipate today's plunging oil prices, so now they have extra money. But one analyst warns: don't be so quick to spend it on other things.
That gas station on the corner that's been selling gas under $2 is suddenly up by 10-15 cents today.
You've probably noticed by now that gas has fallen to its lowest price in almost a decade. Drivers are now asking themselves how long will it last?
Phil Flynn, senior energy analyst at The PRICE Futures Group said it's the result of a price war being waged between OPEC – especially Saudi Arabia – against American energy producers.
If you're feeling a little giddy when it's time to refuel, you're not alone, reports WBBM's John Cody.
Ricardo Lemos, 42, was convicted on Oct. 24, 2024, of criminal sexual assault.
The fire started shortly before 12:30 p.m. in an apartment building in the 5300 block of West Drummond Place.
As we say ADIEU to 2024, a new study has revealed last year's hardest Wordle puzzles in each U.S. state, including Illinois.
Reddins was shot and killed last November while responding to a call of a man with a gun seen leaving a Chase Bank in Oark Park.
The driver of the struck vehicle later died at the hospital. Their passenger, only described as a juvenile, suffered serious injuries.
President Biden honored Jimmy Carter in a eulogy at his funeral.
Madigan is accused of using his power and influence to arrange for no-show jobs for his allies, and business for his own law firm.
The legislation is named in honor of Karina Gonzalez, who was shot and killed – allegedly by her husband – in July 2023.
DePaul University professor and transportation expert Joe Schwieterman said Chicago needs to take a look at what New York is doing with congestion pricing.
Madigan and his co-defendant – longtime confidant Michael McClain – are on trial on racketeering and bribery charges.
Many turned out to take advantage of day-after-Christmas sales that can be hard to pass up.
At Yorktown Center in Lombard, just about everyone who spoke with CBS News Chicago on Monday said the act of going out and physically shopping puts them in the Christmas spirit.
Scammers know many of us are waiting for packages this holiday season.
The National Retail Foundation projected roughly 157 million people across the country would shop last-minute and try to wrap up their shopping lists.
The strike was deliberately authorized in the midst of the busy holiday delivery season nationwide for a reason—with the Teamsters Union pushing the company for a contract.
Lower immunity to the new GII.17 strain could be leading to more infections.
According to the CDC, at least 66 people have been infected with bird flu since last year. Most have had direct contact with sick birds.
The Louisiana patient was hospitalized with a severe case of bird flu in the first death in the U.S. caused by the H5N1 virus.
A warning from the country's top doctor about alcohol's cancer risk comes at a time of year when many are already taking a step back from drinking.
The proposed expansion includes adding three additional operating rooms with advanced support facilities.
There remains a question of where exactly ground will be broken for the stadium.
Chef Bayless also addressed his lack of a relationship with his brother, sports broadcaster Skip Bayless.
John Carruthers and his thin crusts have raised $80,000—a lot of dough for charities around Chicago.
Many turned out to take advantage of day-after-Christmas sales that can be hard to pass up.
It may seem like a brave choice to launch a company making old-fashioned mechanical watches—when many wear new-fangled electronic alternatives. But the entrepreneurs' mission is bigger than just watchmaking.
As we say ADIEU to 2024, a new study has revealed last year's hardest Wordle puzzles in each U.S. state, including Illinois.
Peter Yarrow was a singer-songwriter and a social activist, but he was best known as one-third of the folk-music group Peter, Paul and Mary.
Here is the full list of winners who took home awards at the 2025 Golden Globe Awards.
Here are the books and characters newly joining the list of works in the public domain in 2025.
Taylor also played two nights at Ravinia this past June.
The Village of Oak Park has released body-worn camera video from five officers involved in a shootout that killed Detective Allan Reddins in November 2024. Please be aware that the content may be disturbing or triggering for some viewers. Viewer discretion is strongly advised.
Meteorologist Ed Curran is tracking snow moving into the Chicago area.
The 39th president now heads to Plains, Georgia, where he will be laid to rest next to his wife of 77 years, Rosalynn.
The man accused of shooting and killing his ex-girlfriend – a well-known northwest suburban doctor – formally pleaded not guilty to murder charges on Thursday.
More than 7,500 firefighters are battling five fires covering some 45 square miles.
Reddins was shot and killed last November while responding to a call of a man with a gun seen leaving a Chase Bank in Oark Park.
Some Chicagoans, including CBS News Chicago Investigator Dorothy Tucker's sons, are prepared for the worst as the fires rage.
The woman who was stabbed was taken to the hospital in critical condition. The other victim was not seriously hurt.
Ricardo Lemos, 42, was convicted on Oct. 24, 2024, of criminal sexual assault.
As we say ADIEU to 2024, a new study has revealed last year's hardest Wordle puzzles in each U.S. state, including Illinois.
Ald. Ray Lopez (15th) said the wooden or plastic traffic barriers currently recommended for permitted street fairs and festivals in Chicago are a security weakness, and that needs to change.
Cook County sheriff deputies served only 25% of protective orders between 2021 and 2023, data show.
"San Antonio has really led the way in using aerial surveillance technology to prevent these activities," said Ald. Brian Hopkins (2nd), who chairs the City Council Public Safety Committee.
Customers said contractors from the company, Orange Elephant Roofing & Solar, seemed simply to disappear into thin air. But that is only the tip of the iceberg.
Survivors, advocates and experts have weighed in on Mayor Brandon Johnson's pledge to create a task force to study the safety of Black women in Chicago.
General manager Ryan Poles said the bears will "cast a wide net." At least 15 names have emerged for potential interviews.
Tre White also had 20 points to help Illinois (12-3, 4-1 Big Ten) win with scoring leader Kasparas Jakucionis sidelined by a bruised forearm.
Arizona Cardinals offensive coordinator Drew Petzking was also reportedly up first for a virtual interview Wednesday.
Frank Nazar and Ilya Mikheyev also scored for the 'Hawks, who had lost six of seven. Petr Mrazek stopped 35 shots.
Both teams play on Saturday. Seton Hall visits Providence and DePaul hosts Xavier.
Reddins was shot and killed last November while responding to a call of a man with a gun seen leaving a Chase Bank in Oark Park.
William Zientek, 46, was indicted last month in the shooting death of Dr. Olga Duchon, of Vernon Hills.
Their identities were not released as they were juveniles at the time of the crime.
The woman who was stabbed was taken to the hospital in critical condition. The other victim was not seriously hurt.
Some of the men now charged were already convicted in a deadly carjacking in Milwaukee.
