Experts: Gas Prices May Have Hit Their Peak
After weeks of dour outlooks and record highs, gas prices in greater Chicago have receded – potentially for the rest of the travel season.
After weeks of dour outlooks and record highs, gas prices in greater Chicago have receded – potentially for the rest of the travel season.
Gas prices have been a really hot topic, from the race for the White House to the everyday lives of millions of Americans – and the prices in Chicago remain the highest.
It may not sound like much, but even a few pennies makes a huge difference with gas prices this high.
In what will surely come as no surprise, AAA says Chicago area gas prices climbed to new heights in March.
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The average price of gas continues to jump ever closer to $5 per gallon, with prices up 18 cents per gallon in the last week.
Gas prices have climbed 11 cents over just the past two weeks, and Chicago remains the highest on the list.
With gas prices continuing to rise, U.S. Sen. Dick Durbin said Sunday he wants to pull $4 billion in federal subsidies provided to big oil companies.
Once again, an unwelcome distinction for Chicago - we're now paying the highest gas prices in the country.
An expert says just as the Chicago-area's shattering weather records, we could soon set less pleasant records – the highest gas prices.
Prices at the pump are down slightly after 27 straight days of increases, but it's not going to provide much relief.
AAA Chicago is using the word "volatile" to describe gas prices over the past month, but mainly, the trend is decidedly upward.
Whether gas will go up to $5 per gallon remains to be seen, but prices in excess of $4 per gallon are already a reality in some parts of Chicago.
The average cost for a gallon of regular unleaded in the Chicago area Monday was $3.91 -- up more than 30 cents from a week ago. CBS 2's Pamela Jones reports.
Another week has brought another hike in gas prices for the Chicago area.
CBS 2's Walter Jacobson is fuming not only about high gasoline prices, but also the oil companies that are pocketing billions.
This week's spike in crude oil prices is catching up to Chicago area drivers, with prices at the pump suddenly soaring about 20 cents a gallon to an average of $3.74.
U.S. Sen. Dick Durbin (D-Ill.) agrees a gas price spike doesn't help President Barack Obama, but he says so far, it's hardly a deal-breaker for the president.
I didn't want to, but figured I'd better this morning -- stop for gas. I spent $58.32, and it didn't even fill my tank.
Oil prices are spiking after Iran cut off exports to Britain and France and threatened to expand the embargo to other European countries, and that means gas prices are skyrocketing too.
Chicago's gas prices are still higher than the national average, but there is some good news. Though gas prices are jumping across the country, in Chicago, they have gone down in recent weeks.
Gas prices are on the rise, and experts say we can expect them to keep rising as we head toward spring.
A new published report says we need to get ready for wild swings in the price at the pump.
January is typically a month when gas prices are low, but that is not the case this year.
Gasoline prices could approach $5 a gallon by Memorial Day and stay a record levels for much of the summer, according to a forecast by GasBuddy.com.
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The shooting left the two boys injured and still hospitalized. Three other victims Capri Edwards, 24, Nakeeshia Strong, 45, and Strong's 7-year-old son were killed.
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There are some significant differences the Republican National Convention now in progress and the Democratic Convention in Chicago next month.
President Biden said, "I feel good," after the White House announced he had tested positive for COVID-19 and was experiencing mild symptoms.
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The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois gas seven years ago.
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The cleanup continued along Interstate 55 in Will County after this week's storms. A temporary power outage at the ExxonMobil refinery in Channahon may lead to higher gas prices for a period.
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The National Weather Service on Tuesday was investigating 29 potential tornado tracks. So far, 17 tornadoes have been confirmed.
The tornadoes and severe storms that walloped the Chicago area on Sunday and Monday were stunning in their ferocity and breadth.
White House press secretary Karine Jean-Pierre said President Biden is experiencing mild symptoms after testing positive for COVID-19.
The shooting left the two boys injured and still hospitalized. Three other victims Capri Edwards, 24, Nakeeshia Strong, 45, and Strong's 7-year-old son were killed.
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