
It's the cheapest Thanksgiving for drivers since 2020 amid gas slump
Gas prices hit an average of $3.27 a gallon this Thanksgiving, marking the cheapest prices since the pandemic despite an uptick in holiday travel.
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Gas prices hit an average of $3.27 a gallon this Thanksgiving, marking the cheapest prices since the pandemic despite an uptick in holiday travel.
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Gas prices are now below $3 a gallon in eight states, and drivers in other parts of the country could also see cheaper fuel costs.
There are growing concerns that the outbreak of war in the Middle East could tip the world economy into a recession. If Israel is brought into direct conflict with Iran, Bloomberg Economics estimates oil prices could soar to $150 per barrel. Sultan Meghji, former chief innovation officer for the FDIC, joined CBS News to discuss the potential economic fallout of the war.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
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.
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.
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.
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.
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
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.
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.
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.
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.
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.
Pump the brakes on your gas-powered lawn tools with these electric alternatives from Greenworks, Black + Decker and more.
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.
The average price of a gallon of regular in Arizona is over $1 more than the national average.
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.
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.
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.
Become a Walmart+ member to shop exclusive sales, save money on gas, and get a subscription to Paramount+ for free.
OPEC unexpectedly announced cuts to oil production. The move will likely increase the price of gas.
Oil cartel's surprise plan to dial back production will likely push up fuel costs within the next two weeks, analysts say.
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.
The two sides will appear for a follow-up hearing after a judge ordered the administration to provide her with updates on Kilmar Abrego Garcia's whereabouts.
As its trade war with the U.S. widens, China has ordered its airlines to stop accepting Boeing jet deliveries, Bloomberg reports.
Former President Joe Biden is set to deliver his first public address since leaving office, speaking at a Chicago conference focused on protecting Social Security.
Under a program known as CHNV, migrants from Cuba, Haiti, Nicaragua and Venezuela were allowed to fly to the U.S. after securing a sponsorship from U.S.-based individuals.
Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.
The U.S. military has reported Russian military activity near Alaska several times in recent months.
The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.
The U.S. use of B-1B bombers in drills with South Korea, as North Korea marked the birthday of its founder, could draw an angry response from Kim Jong Un.
JD Vance nearly fumbled Ohio State's college football championship trophy in a White House celebration Monday.
Former President Joe Biden is set to deliver his first public address since leaving office, speaking at a Chicago conference focused on protecting Social Security.
Love them or hate them, marshmallow Peeps are inescapable around the Easter holiday.
Federal agents rescued two injured hikers who were stranded in remote parts of the Arizona desert, in separate incidents over the weekend.
The two sides will appear for a follow-up hearing after a judge ordered the administration to provide her with updates on Kilmar Abrego Garcia's whereabouts.
The U.S. military has reported Russian military activity near Alaska several times in recent months.
Love them or hate them, marshmallow Peeps are inescapable around the Easter holiday.
As its trade war with the U.S. widens, China has ordered its airlines to stop accepting Boeing jet deliveries, Bloomberg reports.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.
The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.
Former President Joe Biden is set to deliver his first public address since leaving office, speaking at a Chicago conference focused on protecting Social Security.
The two sides will appear for a follow-up hearing after a judge ordered the administration to provide her with updates on Kilmar Abrego Garcia's whereabouts.
Fewer people crossed state lines to obtain abortions in 2024 than a year earlier, a Guttmacher Institute survey has found. The number of abortions in clinics rose slightly, the survey shows.
The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals.
The White House has taken pains to say administration officials are unified on the tariff effort announced on April 2, which the White House dubbed "Liberation Day."
More than 100,000 Americans need an organ transplant to stay alive, and each day, 17 die waiting. But a CBS News analysis finds one out of five donated organs is being tossed out. Tom Hanson has the story behind that troubling statistic in tonight's "Eye on America."
One of every three donated kidneys never gets transplanted. CBS News explores why a growing number are being discarded.
A new study is projecting how radiation from computed tomography imaging, or CT scans, could lead to future cancers.
Health and Human Services Secretary Robert F. Kennedy Jr. claimed Friday that new research will find the cause of the "autism epidemic" by September. Dr. Peter Marks, the former top vaccines official at the Food and Drug Administration, warns on "Face the Nation with Margaret Brennan" that "giving people false hope is something you should never do."
Dr. Peter Marks said that the deaths of unvaccinated children is "just not acceptable."
Gaza health officials say an Israeli strike on a field hospital killed a medic two days after another attack disabled the enclave's last functioning critical care facility.
The U.S. military has reported Russian military activity near Alaska several times in recent months.
As its trade war with the U.S. widens, China has ordered its airlines to stop accepting Boeing jet deliveries, Bloomberg reports.
Authorities detained a man "who played a leading role" in the high-profile murder of crime reporter Peter R. de Vries, prosecutors said.
The U.S. use of B-1B bombers in drills with South Korea, as North Korea marked the birthday of its founder, could draw an angry response from Kim Jong Un.
In the new Paramount+ documentary "The Carters: Hurts to Love You," Aaron Carter's twin sister, Angel Carter Conrad, and director Soleil Moon Frye reflect on how addiction, mental health struggles and the pressures of fame affected Aaron and Nick Carter and their siblings.
The trial stems from a jewelry heist in October 2016 during which Kim Kardashian was held at gunpoint in her luxury Paris apartment by masked men.
Pop star Katy Perry, one of the six women aboard Blue Origin's spaceflight, explained why she chose not to sing one of her own songs during the historic journey.
Award-winning actor David Oyelowo joins "CBS Mornings" to talk about his latest role in "Government Cheese," where he plays a formerly incarcerated man trying to rebuild his life and reconnect with his family. The show marks his first major comedy role.
Angel Carter, the twin sister of the late Aaron Carter, opened up about her brother's struggles growing up as a child star in a new Paramount+ documentary.
"CBS Mornings" co-host Gayle King shares what it felt like to float in space during her Blue Origin flight.
Meta Platforms CEO Mark Zuckerberg took the stand Monday in the Federal Trade Commission's landmark antitrust trial against the tech company. Kenneth Dintzer, a partner at Crowell & Moring and the former senior trial counsel at the Justice Department's antitrust division, joins "CBS Morning News" to discuss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Opening statements began Monday in one of the most highly-anticipated trials in the tech world, the Federal Trade Commission's antitrust suit against Meta. CBS News senior business and technology correspondent Jo Ling Kent reports.
The case could determine whether Mark Zuckerberg's company might have to divest WhatsApp and Instagram.
As the HBO series "The Last of Us" returns, fans wonder: How much of the chilling storyline about a fungal zombie pandemic is rooted in reality?
An internal government document proposes significant changes for the National Oceanic and Atmospheric Administration, hitting its research functions hardest.
Relatively little is known about Denisovans, an extinct group of human cousins that interacted with Neanderthals and Homo sapiens.
Thanks to a mouse watching clips from "The Matrix," scientists have created the largest functional map of a brain to date.
The discovery shows the cultural interaction between the Maya of Tikal and Teotihuacan's elite between 300 and 500 A.D., archaeologists said.
Authorities detained a man "who played a leading role" in the high-profile murder of crime reporter Peter R. de Vries, prosecutors said.
The suspect tied to a fire at Pennsylvania Governor Josh Shapiro's official residence could be in court as soon as Wednesday. State authorities say 38-year-old Cody Balmer is currently hospitalized for a medical event "not connected to Sunday's incident." Police say Balmer planned to beat Governor Shapiro with a hammer if he found him. CBS News correspondent Shanelle Kaul has more.
Police also believe the ex-worker took valuables, such as gold jewelry, from the bodies of those to be buried.
The couple is suspected of raising desert lynxes and servals, a wild cat native to Africa, as well as hybrid species created by crossing these breeds with domestic cats, police said.
A deacon was shot and killed after an Easter egg hunt hosted by his church in Gulfport, Mississippi, on Saturday, according to the church and local police.
NASA's James Webb Space Telescope has given astronomers a detailed, never-before-seen look at a dying star.
"CBS Mornings" co-host Gayle King and an all-women crew blasted off from West Texas on a Blue Origin rocket for a roughly 10-minute journey to the edge of space on Monday. King later spoke about what surprised her during the flight. CBS News senior national correspondent Mark Strassmann has more.
"CBS Mornings" co-host Gayle King was among the historic six-women crew for Monday's Blue Origin flight to the edge of space. Mark Strassmann reports on the launch and what it means for space tourism.
Watch highlights of "CBS Mornings" co-host Gayle King's historic Blue Origin spaceflight with an all-women crew, from the launch to when the capsule safely touched down in West Texas.
Pop star Katy Perry, one of the six women aboard Blue Origin's spaceflight, explained why she chose not to sing one of her own songs during the historic journey.
Hundreds of thousands took to the streets, in Washington, D.C. and other cities across the United States, in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A man accused of intentionally setting Pennsylvania Gov. Josh Shapiro's residence on fire was arraigned Monday night on charges including attempted murder and terrorism. CBS News' Shanelle Kaul has more.
Russian missiles struck the Ukrainian city of Sumy as people were gathering to celebrate Palm Sunday, killing at least 35 people, Ukrainian President Volodymyr Zelenskyy says. CBS News senior foreign correspondent Holly Williams reports.
A hearing will be held in federal court in the deportation of Kilmar Abrego Garcia, a Maryland man who was deported to an El Salvador prison on an "administrative error." The hearing comes a day after El Salvador's President Nayib Bukele said he won't return Abrego Garcia to the U.S. CBS News' Aaron Navarro and Katrina Kaufman have the latest.
April 15 is the deadline to file your taxes, unless you live in one of the states the IRS is allowing people to request an extension due to natural disasters. CPA and Bankrate reporter Kemberley Washington shares some last-minute tax tips.
It's time to start booking your summer vacation. Expedia travel expert Christie Hudson has planning tips and ways to save money.