The surge in gas prices since the start of the Iran war is causing more Americans to rethink what they drive. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Early data from car shopping site Edmunds shows a growing share of consumers researching electric vehicles, hybrids and other … Read more
As California voters prepare to choose their next governor in 2026, energy policy — particularly the future of oil production, refineries and gas prices — has remained a central and complex issue in the race. California gas prices are the highest in the nation and are projected to rise as oil refineries leave the state. For … Read more
Maryland Gov. Wes Moore: The solution to rising gas prices is to “stop fighting foreign wars” – CBS News Watch CBS News Maryland Gov. Wes Moore criticized President Trump’s handling of the Iran war on “Face the Nation.” He told CBS News’ Ed O’Keefe he’s looking for “some clarity” about the war’s goals, and warned … Read more
Amid the war in Iran, the nationwide average price for a gallon of regular is now $4.10. Soaring gas prices are also fueling new questions about the cost of the vehicles we drive. Ali Bauman has more from the New York Auto Show. Source link
For years, California leaders accused oil companies of price gouging. Instead, a six-month-long CBS News California investigation revealed a complicated reality shaped by state policies, refinery closures, and global supply risks that uniquely impact California’s isolated fuel market. What CBS News California Investigates found: Why California gas costs more: Higher taxes, labor and business costs, … Read more
American drivers have paid an additional $8.4 billion in fuel costs since the Iran war started, according to a new estimate from the Joint Economic Committee’s Democratic minority. The lawmakers’ calculation is based on daily average gasoline prices as tracked by AAA between Feb. 28, when the U.S. and Israel attacked Iran, through March 31. The … Read more
President Trump’s comments to reporters on Tuesday that he expects the U.S. to end its war with Iran in two or three weeks is buoying investors by easing global oil prices and boosting stocks. Yet such optimism is certain to fade quickly unless Iran agrees to reopen the Strait of Hormuz soon, according to economists, who warn that crude prices … Read more
U.S. gasoline prices continue to inch higher, hitting $4.06 a gallon after crossing $4 on Tuesday, as the Iran war continues to drive up costs for American drivers. The average cost of a gallon of gas has jumped 36% since the war started, according to AAA. Gas climbed above $4 yesterday for the first time since August … Read more
DoorDash driver feels the squeeze as gas prices top $4 a gallon in many states – CBS News Watch CBS News Drivers in at least 13 states across the country are paying an average price of $4 a gallon or more for gas. Jason Allen spoke to a man who’s feeling the strain with his … Read more
The Trump administration on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act after Defense Secretary Pete Hegseth said environmentalists’ lawsuits threatened to hobble domestic energy supplies as the U.S. wages war against Iran. Critics said the move by the government’s Endangered Species Committee could doom a rare … Read more