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Oil

Gasoline pump. (Credit: Miguel Gutierrez/Getty Images)

Chicago Gasoline Prices Spike To Highest Levels In Six Months

Gasoline prices in Chicago are at their highest levels in six months.

03/03/2014

President Barack Obama (C) is briefed about an electric car by researcher Henning Lohse-Busch at a tour of the Argonne National Laboratory in Argonne, Illinois, on March 15, 2013 before speaking on American energy. (Photo credit: JEWEL SAMAD/AFP/Getty Images)

Obama Tours Argonne National Laboratory, Proposes $2B In Research

The president spent time Friday at several stations at the facility that research how cars use energy.

03/15/2013

President Barack Obama and Gov. Mitt Romney. (Getty Images/Luke Sharrett and Joe Raedle)

CBS Local Presidential Forum: Obama/Romney: Duke It Out Over Energy And Health Care

The two presidential candidates were asked a question by CBS Local about Obamacare vs. Romneycare and asked them to talk about the similarities or differences between the two plans.

10/15/2012

President Barack Obama and Gov. Mitt Romney. (Getty Images/Luke Sharrett and Joe Raedle)

CBS Local Presidential Forum Obama/Romney: Square Off Over Education and Energy

Today on the CBS Local forum, Romney and Obama were asked: What will you do to make the U.S. more energy independent?

10/12/2012

A man pumps gas in California (Credit: FREDERIC J. BROWN/AFP/GettyImages)

Opinion: Gas Prices Are The Government and Obama’s Fault

Americans continually hear that the president of the United States can do nothing about gas prices. John Hofmeister says that isn’t true. The doubled gas prices could have been avoided but no one in a political position who can do anything about the prices wants to do anything.

10/10/2012

Gasoline pump. (Credit: Miguel Gutierrez/Getty Images)

Expert: High Oil Prices May Not Mean Higher Gas Prices

Oil has been trading above $100 a barrel for the first time since July, but a local expert doesn’t think that will translate into significantly higher prices at the pump.

CBS Chicago–11/16/2011

Gasoline pump. (Credit: Miguel Gutierrez/Getty Images)

Gas Prices May Drop To $3.50 A Gallon

There’s one positive side to the turmoil in the financial markets. Experts say gas prices should continue dropping for the next 90 days or so.

08/09/2011

File Photo (Photo by Chung Sung-Jun/Getty Images)

Expert: Price Hikes Don’t Mean Runaway Inflation

With oil and food prices surging, the consumer inflation rate rose last month at its fastest pace in nearly two years, up half a percent in February.

WBBM Newsradio–03/17/2011

Gasoline pump. (Credit: Miguel Gutierrez/Getty Images)

Gas Prices Near $4 A Gallon At Some Chicago Stations

The price for a gallon of regular unleaded gasoline crept close to $4 at some Chicago stations, as prices at the pump spiked almost 10 cents over the weekend.

02/28/2011

Gasoline pump. (Credit: Miguel Gutierrez/Getty Images)

Gas Prices Continue To Spike In Chicago Area

You’re not seeing things. The price of gasoline is shooting up to levels that Chicagoans haven’t seen in a couple of years.

02/25/2011

Gas Prices

Impact Of Rising Gas Prices On Consumers

If you’ve filled up your car recently, you already know the price of gas is going up. The national average for a gallon of regular is $3.07. Here in Chicago, that same gallon costs $3.30. As CBS 2’s Dorothy Tucker reports, consumers will feel this price hike in more places than just the pump.

CBS 2–01/04/2011

Gas Prices

Could Gas Prices Reach $5 A Gallon In Chicago?

If you’ve been driving throughout the Chicago area, you know gas prices are jumping. But experts predict the worst is yet to come. One former oil executive said we could see $5 a gallon in the next year. CBS 2′s Jim Williams reports why we’re seeing higher gas prices, and how Chicagoans are reacting.

CBS 2–12/28/2010

Gas Prices

Gas Prices Spike In Chicago, Average $3.10 Gallon

Gas prices have spiked in Chicago in the past week, and the falling dollar and the rising cost of oil are to blame, experts say.

12/06/2010