Lower Gas Prices Could Hurt Some U.S. Companies
Falling gas prices are great news for motorists and maybe not so good for U.S. companies down the road.
Watch CBS News
Falling gas prices are great news for motorists and maybe not so good for U.S. companies down the road.
Motorists will continue to enjoy the lower prices at the gas pump.
Drivers are doing double takes when they go to fill up.
Gas prices have been coming down recently and motorists are liking what they see.
The average price of a gallon of regular unleaded in Illinois was $3.46 on Friday, down about 10 cents compared to last month, according to the AAA. In the Chicago area, the average price is $3.61, and prices are even lower across the region.
You might be sad to see the warm days of summer drawing to a close, but, WBBM's Regine Schlesinger reports the change of seasons brings good news for consumers.
Nationally, gas prices were at a six-year high for this time of year, hitting a U.S. average Tuesday of $3.67 a gallon for unleaded regular. That's up 18 cents from a year ago. Average regular gasoline prices were even higher Tuesday in Illinois, at $3.83; in the Chicago area, at $3.98; and in Chicago, at $4.23.
With 41 million Americans expected to travel this year, highways and airports will be packed with travelers looking to take advantage of the 3-day weekend.
The insurgent violence in Iraq and threats to oil facilities there have pushed the price of crude oil to more than $107 per barrel. That has translated to higher gasoline prices, nowhere higher than Chicago.
Patrick DeHaan, senior petroleum analyst at GasBuddy.com, said even he was surprised at how much gas prices jumped on Thursday, just in the time between when he went to work and when he got home.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com said lingering effects of the harsh winter were to blame for the recent spike in gas prices.
Pain at the pump? CBS 2's Derrick Blakley tells us what's behind the latest spike.
Gasoline prices in Chicago are at their highest levels in six months.
Average retail gasoline prices in Chicago have risen 4.8 cents per gallon in the past week, averaging $3.46 on Sunday.
A day after CBS 2's Ed Curran reported on plummeting gasoline prices, they've spiked in a matter of hours. On a day with no new war, no natural disaster, what's going on?
There were some initial fears the Citgo refinery in Lemont could be shut down completely for six months or more, after a large fire last Wednesday night.
A fire overnight at an oil refinery in southwest suburban Lemont could affect prices at the pump in Chicago.
The mayor of southwest suburban New Lenox has had enough with high gas prices in his town, and he wants to do something about it.
About 2 million people are expected to hit the road for the Labor Day weekend, and in the Chicago area, they'll be getting a big break on gas prices compared to last year, even though prices made their predictable holiday spike this week.
Experts say the upcoming holiday could be the busiest Labor Day weekend for travel since the start of the recession in 2008.
If you're planning to drive somewhere for the Fourth of July holiday, the trip will cost you less.
Gas prices nationwide have been holding steady over the last week, at around $3.64 a gallon, but in the Chicago area, prices just keep going up.
With a gallon of regular unleaded now going for an average of $4.70 per gallon, Chicago's gas prices are even higher than Hawaii's.
While the temperature may have you confused about what season it is, gas prices will tell you it's almost summer time, reports WBBM's Nancy Harty.
In the Chicago area, the AAA says gasoline prices average $4.20 a gallon.
The White Sox signed Rojas for a $3.5 million, one-year contract that was finalized Wednesday, while infielder Jake Amaya was designated for assignment.
A 57-year-old man was traveling east on Irving Park Road in a Hyundai sport-utility vehicle and was making a U-turn to head west when he hit the squad car, police said.
The workers' crane touched a power line, which energized the truck and gave the workers an electric shock.
German American Events LLC said the attendance record was shattered despite it being colder in 2024 than 2023, and despite the duration of the market being shorter.
Antos' excellence in teaching, and passion for music, have led him to be among the 10 finalists for the 2025 Music Educator Award.
City attorneys are recommending settlements in lawsuits tied to former CPD Commander Jon Burge, former Sgt. Ronald Watts, and former Det. Reynaldo Guevara - all of whom have been accused of framing dozens of people.
President Biden honored former President 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.
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.
Those with endometriosis, ovarian cysts, uterine fibroids, and female orgasmic disorder are now eligible to be prescribed medical cannabis in Illinois.
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.
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.
Leigh Waldman is in front of a pizza parlor, flower shop, and coffee shop that were completely destroyed.
Cadaver dogs are now searching the charred debris from the horrific fires, as so many people mourn as they have lost everything. Jermont Terry reports.
The driver of a sport-utility vehicle hit a squad car that had its lights and sirens running on Irving Park Road.
The workers’ crane touched a power line, which energized the truck and gave the workers an electric shock.
City attorneys are recommending settlements in lawsuits tied to former CPD Commander Jon Burge, former Sgt. Ronald Watts, and former Det. Reynaldo Guevara - all of whom have been accused of framing dozens of people.
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 fires have scorched more than 45 square miles of the Los Angeles area—leaving total devastation behind.
Some Chicagoans, including CBS News Chicago Investigator Dorothy Tucker's sons, are prepared for the worst as the fires rage.
The White Sox signed Rojas for a $3.5 million, one-year contract that was finalized Wednesday, while infielder Jake Amaya was designated for assignment.
A 57-year-old man was traveling east on Irving Park Road in a Hyundai sport-utility vehicle and was making a U-turn to head west when he hit the squad car, police said.
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.
The White Sox signed Rojas for a $3.5 million, one-year contract that was finalized Wednesday, while infielder Jake Amaya was designated for assignment.
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.
Reddins was shot and killed last November while responding to a call of a man with a gun seen leaving a Chase Bank in Oak 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.
