Diesel tops $5 a gallon for the first time since December 2022
Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.
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Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.
The war in Iran has caused oil and gas prices to spike, but it's not just affecting cars on the road. A recent Deutsche Bank analysis shows that rising oil prices are also leading airlines to hike ticket prices. CBS News MoneyWatch reporter Megan Cerullo has the details.
President Trump is calling on other nations that depend on oil exported through the vital Strait of Hormuz to help reopen it. The shipping lane, which carries about 20% of the world's oil supply, has been blocked since the war began nearly three weeks ago. CBS News' Imtiaz Tyab, Chris Livesay and Erica Brown have the latest.
President Trump wants other nations not involved in the war with Iran to join the effort to escort vessels carrying oil and natural gas through the Strait of Hormuz. CBS News senior foreign correspondent Imtiaz Tyab reports. Then, former CIA Deputy Assistant Director for Counterterrorism Joe Zacks joins with analysis.
President Trump took questions on the Iran war at the White House Monday, at one point being asked if his advisers had told him anything about how long gas prices would be as high as they are right now.
Americans remain concerned about rising prices and conflict abroad as the Iran war enters its third week. Political strategists Kevin Sheridan and Hyma Moore join CBS News with their take on the latest moves by the Trump administration.
Pain from the Iran war's oil supply shock is being felt across the United States. Willie James Inman reports.
After two apparent terror attacks in the U.S. this week and rising energy prices, former CIA executive and operative Jonathan Gannon, CBS News national security contributor and Biden administration top counterterrorism official Sam Vinograd and energy policy expert and analyst Kevin Book join "Face the Nation with Margaret Brennan" to discuss.
White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that so far, the war with Iran has cost $12 billion, adding that "right now, we've got what we need" on funding as lawmakers are preparing for a possible supplemental funding request from the White House.
This week on "Face the Nation with Margaret Brennan," amid new strikes from Israel and Iran in the Middle East, Margaret Brennan speaks to Iranian Foreign Minister Abbas Araghchi and Trump economic adviser Kevin Hassett. Plus, Rep. Dan Crenshaw and Sen. Mark Warner join.
On Nov. 29, 1973, CBS News aired a special report titled "Making It Through This Winter," spotlighting the ways Americans were making do amid the oil crisis. Watch the program in full.
A mom of three who commutes three hours roundtrip to work is worried she will have to quit her job as gas prices rise. Elaine Quijano has more.
Iran continues to harass vessels in the Strait of Hormuz, and the prospect of U.S. naval escorts appears more likely. But when that would occur remains a mystery. CBS News' Matt Gutman and Aaron MacLean have the latest.
As gas prices increase, AAA says the cost of diesel is rising even faster. Diesel powers trucks, planes, trains and farm equipment. One business owner said if the spike continues, they may have to pass on some of the cost to the consumer. Skyler Henry reports.
The average cost of gas in the U.S. is up nearly 50 cents in a week as the U.S.-Israeli war with Iran rages on. Here's what some lawmakers are saying about the spike in prices.
The Trump administration is facing bipartisan criticism over how it's communicating its goals in the war with Iran. Former Democratic Rep. Joe Cunningham of South Carolina and Republican strategist Mark Bednar join with analysis.
Treasury Secretary Scott Bessent said Thursday that the U.S. will escort ships through the Strait of Hormuz as Iran ramps up attacks on the crucial shipping channel. Republican Rep. Rick Crawford of Arkansas, chair of the House Intelligence Committee, joins "The Takeout" to discuss the state of the war.
CBS News has learned that despite the U.S.-Israeli war, for the first nine days of March, Iran exported about 30% more oil than in the first nine days of February. Matt Gutman has more.
Whether the Iran war-linked leap in the price of gas will give a shot in the arm to EV sales will depend on a variety of factors, experts say, so the answer isn't clear-cut.
President Trump is working to quell fears about the war with Iran might affect the economy, predicting that increased oil prices will soon be coming down. Nancy Cordes has details.
The Strait of Hormuz sees roughly 20% of the world's oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins "The Takeout" with analysis.
Rep. Adam Smith of Washington state, the ranking Democrat on the House Armed Services Committee, opposes the war in Iran and wants Congress to be much more involved in policymaking. Smith joins "The Takeout" with his perspective.
Suspected Iranian drones hit at least three ships in and around the Strait of Hormuz overnight as fighting in the vital shipping lane escalates. CBS News chief correspondent Matt Gutman reports from Tel Aviv, Israel.
The International Energy Agency agreed Wednesday to release 400 million barrels of oil from its strategic reserves to alleviate the shortage caused by the Strait of Hormuz shutdown. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The war with Iran continues to impact energy prices globally with Americans seeing another rise on prices at the pump. Patrick De Haan, head of petroleum analysis for Gas Buddy, joins CBS News to discuss.
King Charles is at the White House for a state dinner, after speaking about what he called the "truly unique" relationship between the U.K. and the U.S. in an address to Congress.
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
Former FBI Director James Comey is again facing federal charges after the government's previous case against him was dismissed.
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
Purdue Pharma, the maker of OxyContin, is set to be dissolved as a massive legal settlement resolving thousands of lawsuits takes effect.
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
The new format would add eight more at-large teams, and take eight more teams out of the main bracket for play-in games.
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
For historians, the 1960s and 1970s provide particularly eerie parallels to the present. Both eras were marked by bitter political divides and the unsettling feeling that America's social fabric was being ripped apart.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
American Airlines is imposing new rules on portable chargers that passengers can bring on flights. Here's what to know.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
A federal judge on Tuesday dismissed a lawsuit from the Justice Department seeking information on Arizona voters, another defeat in the Trump administration's nationwide push for voter data.
Top gubernatorial candidates met onstage at the CBS California Governor's Debate on April 28. Here are the highlights.
Officials investigating the shooting at the White House Correspondents' Dinner said they estimated the suspect was running at about 9 miles per hour when he sprinted through a checkpoint and discharged his shotgun.
For historians, the 1960s and 1970s provide particularly eerie parallels to the present. Both eras were marked by bitter political divides and the unsettling feeling that America's social fabric was being ripped apart.
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
President Trump has warned that Cuba is "next" after he's launched military operations against Venezuela and Iran.
Saying he felt the "weight of history" on his shoulders, King Charles became the first British monarch in 35 years to address Congress on Tuesday.
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
The unidentified ship is believed to have been built in the late 1500s, which would make it older than Sweden's iconic 17th century warship "Vasa."
Anant Ambani, the son of tycoon Mukesh Ambani, said he formally requested the Colombian government to stay a decision to kill the animals.
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
"Tracker" star Justin Hartley reveals how he feels about the upcoming finale of the third season of the show. He also discusses his wife making appearances in the series and the best advice he's received in the industry.
President Trump and first lady Melania Trump are demanding that late-night host Jimmy Kimmel be fired over remarks he made before the White House Correspondents' Dinner. Nancy Cordes reports.
First lady Melania Trump said that jokes Jimmy Kimmel made on his show days before the White House Correspondents' Dinner were "hateful and violent rhetoric."
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
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.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
The man accused of trying to assassinate President Trump at the White House Correspondents' Dinner over the weekend is set to be back in court on Thursday. Nicole Sganga reports.
The FBI is conducting forensic reviews of evidence recovered from the Hilton Hotel in Washington, D.C., following the White House Correspondents' Dinner shooting. CBS News' Anna Schecter has the latest.
A U.S. soldier pleaded not guilty to charges that he used classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win more than $400,000.
Federal agents exercised search warrants at about 20 daycare centers for suspected fraud Tuesday morning, multiple officials confirmed to CBS News.
Federal prosecutors charged 34 defendants across two indictments, alleging sports betting and mafia-linked rigged poker games.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Kids today have countless ways to connect, but at one school in New York, they're going old school. Michael George introduces us to a group of teens learning about ham radio.
King Charles on Tuesday night presented President Trump with what he said was the original bell from the HMS Trump before giving cheers to the ongoing relationship between the U.S. and England.
Former FBI Director James Comey says he's innocent after second indictment; King Charles visits the White House and addresses Congress.
Federal officials are investigating the death of a woman who fell from the balcony of her state room on a Carnival Cruise Line ship. Kris Van Cleave reports.
In front of a state committee investigating last year's deadly Texas flash floods, Camp Mystic director Edward Eastland on Tuesday told parents of the victims he had failed them. Jason Allen reports.