crude oil

Firefighters douse a blaze after a freight train loaded with oil derailed in Lac Megantic in Canada's Quebec province on July 6, 2013, sparking explosions that engulfed about 30 buildings in fire.  More than 40 people were killed as a result of the crash and fire. (Photo redit: François Laplante-Delagrave/AFP/Getty Images)

Mayors Call For Improved Safety Measures For Oil Trains

Federal railroad officials got an earful Wednesday from the mayors of several Chicago area towns that have been affected by a growing number of increasingly long trains hauling crude oil and other volatile materials.


E-85 price now lower than regular gasoline (Credit: CBS)

Is Ethanol Better Than Gasoline?

Crude oil prices are down, and that should be good news for drivers. But the problem is, many drivers aren’t seeing prices at the gas pump fall that much.

CBS 2–05/18/2011

Gas Prices

Crisis In Libya Sends Gas Prices Even Higher

The chaos in Libya has caused oil prices to skyrocket. The average price of gas in Chicago on Wednesday was $3.39 a gallon. In Illinois, the average was $3.30.

CBS Chicago–02/23/2011

Gas Prices

Could Instability In Libya Mean Higher Gas Prices?

The instability in Libya is roiling the energy market this morning.

CBS Chicago–02/22/2011

Romeoville Oil Spill

South Suburban Oil Spill Closes Streets, Halts Metra Trains

For the second time in the past four months, south suburban Romeoville has been hit by a crude oil spill.