Gas prices recede and could continue dropping in 2025, forecast finds
CBSN
Motorists can expect modestly lower U.S. gas prices in 2025 as inflation eases and amid booming domestic oil production.
After accelerating for much of the first half of the year, prices at the pump dipped in the second half of 2024, AAA data shows. Nationwide, a gallon of regular gas now averages $2.98 a gallon, down nearly 12 cents from a year ago, according to tracking service GasBuddy.
The median U.S. price is $2.89, although fuel costs can vary widely depending on the region and state. Drivers in Hawaii, as usual, face the steepest prices at $4.47 per gallon, followed by California ($4.27) and Washington ($3.81), GasBuddy said in a new report. The cheapest gas is to be found in Oklahoma ($2.51), Mississippi ($2.55) and Texas ($2.59).
The investigation into the deadly truck attack on New Orleans' Bourbon Street continues after a driver plowed into a crowd of New Year's Day revelers, killing at least 15 people and injuring dozens more. The attack is being investigated as an act of terrorism, according to the FBI.
Washington — President Biden announced Thursday that he is awarding the Presidential Citizens Medal to Rep. Bennie Thompson and former Rep. Liz Cheney, the two lawmakers who led the House select committee that investigated the Jan. 6, 2021, assault on the U.S. Capitol.
NEW YORK - A mass shooting in Jamaica, Queens left 10 teenagers hurt when police say several suspects opened fire outside a venue.
Washington — The 119th Congress begins Friday with Republicans in full control of the House and Senate for the first time since 2019.
At least 15 people were killed during a deadly attack on New Year's Day when a driver slammed into a crowd celebrating New Year's on Bourbon Street in New Orleans, in what is being investigated as a suspected terrorist attack.
A New Year's Eve fireworks explosion in a Honolulu-area neighborhood killed at least three people and critically injured 20 others, authorities said.
A Tesla Cybertruck caught fire outside the Trump Towers in Las Vegas, according to officials and video reports of the vehicle engulfed in flames.
Washington — President-elect Donald Trump will hold a rally-type event on Jan. 19 at the Capital One Arena in Washington, D.C., just ahead of his inauguration, according to multiple sources familiar with the planning.
Washington — House Republicans released a new rules package on Wednesday that will raise the threshold to force a vote on ousting the speaker.
Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates, according to an analysis from the Tax Foundation, a think tank that focuses on taxes.
Officials in New Orleans are holding a news conference on an attack on Bourbon Street that killed at least 10 people and injured dozens of others in the early hours of New Year's Day as revelers were celebrating.