Experts warn gas prices could take weeks to go down as Biden taps into oil reserves
CBSN
U.S. and international gas prices moved lower Friday following President Biden's announcement that he will release 1 million barrels of oil from the Strategic Petroleum Reserve every day through October to combat rising gas prices and inflation.
Oil analyst Tom Kloza told CBS News that while drivers will see a modest dip in prices, they aren't plunging anytime soon.
"I think we get a little bit of relief here in April and May, but for Memorial Day to Labor Day, unfortunately, we see very lumpy demand and we see it lumpy on the high side," Kloza said.
President-elect Donald Trump has vowed to start the largest deportation effort in American history — his signature 2024 campaign promise — as soon as he takes office, signaling this week that he would enlist the help of the U.S. military for the massive operation to deport undocumented immigrants.
Washington — The House Ethics committee, meeting to consider the release of a report on its investigation into former Rep. Matt Gaetz, did not reach an agreement on Wednesday afternoon, the committee chairman said.
McDonald's customers may have to go elsewhere for now if they have a yen for frothy caffeinated drinks.
President-elect Donald Trump is expected to name Russ Vought to lead the Office of Management and budget, according to two sources close to the transition.
Washington — Former Republican Rep. Matt Gaetz is meeting with senators on Capitol Hill on Wednesday as he seeks to shore up support for his nomination for attorney general amid calls for the House Ethics Committee to release a report on allegations he engaged in sexual misconduct and illicit drug use.
Thanksgiving dinner ingredients will cost more this year compared with last, even as food inflation cools. Fortunately, there's one simple way to save money without skimping on staple dishes for the food-driven holiday: store brands.
A judge has convicted the man on trial for the killing of Laken Riley, a nursing student in Georgia whose death in February shook the college town where she studied, as well as the country.
No one wants to file for bankruptcy, but if you're heading in that direction, delaying the inevitable may only make things worse.
A 92-year-old man has been charged in the U.K. with the murder and rape of a woman almost six decades ago, British police said Wednesday.
Target is heading into the holiday season with a gloomy outlook, with the retailer reporting its sales and profit fell short of analysts' expectations and lowering its earnings forecast for the current quarter. Its shares tumbled almost 20% in pre-market trading.
A major storm swept across the northwestern U.S., battering the region with strong winds and rain, causing widespread power outages and downing trees that killed at least one person.