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"48 Hours" schedule: Live, DVR, and on demand Rory McIlroy wins second straight Masters Tournament Brian Hooker sent friends maps that he says show where his wife went missing in Bahamas Iran's parliament speaker says U.S. will be "nostalgic" for $4 gas as oil prices fuel inflation Democratic Rep. Eric Swalwell ends bid for California governor as he faces sexual assault allegations Trump says U.S. will blockade Strait of Hormuz after Iran peace talks collapse DHS looking into allegations Rep. Eric Swalwell hired nanny not authorized to work in U.S. Fallout from Eric Swalwell scandal grows as lawmakers eye House expulsion votes Rory McIlroy claims second straight Masters title Brian Hooker shared maps he says show where his wife went missing in the Bahamas Manhattan DA investigating sexual assault allegations against Rep. Eric Swalwell Extended interview: Sen. Dave McCormick on AI Trump says U.S. will blockade Strait of Hormuz and intercept ships that paid tolls to Iran Few see U.S. goals being met in Iran yet; Americans voice worry and stress in CBS News poll Hungarian Prime Minister Viktor Orbán concedes defeat in key election, ending 16 years in power Ukraine, Russia accuse each other of violating Putin's Orthodox Easter ceasefire Kimberly Langwell's Hidden Grave Decades after a Texas mom's disappearance, a tip leads to the location of her secret grave Kids, adults alike watch Artemis II crew's splashdown in San Diego JD Vance says U.S. and Iran did not come to a deal after marathon session Artemis II astronauts welcomed home to Houston after historic moonshot Artemis II crew returns to Houston after successful mission Artemis II astronauts speak publicly for first time since successful moon mission Federal appeals court sends White House ballroom construction lawsuit back to lower court Pope Leo criticizes "idolatry of self" in latest rebuke of Iran conflict: "Enough with war!" Iran reportedly proposes tolls for ships crossing Strait of Hormuz How Persian Gulf nations are reacting to the U.S. and Iran's temporary ceasefire U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says Trump says U.S. is "clearing out" the Strait of Hormuz as U.S., Iranian officials meet in Pakistan Risk on the Road | Sunday on 60 Minutes
Hottest U.S. gas prices in years leave drivers feeling bu...
2026-05-07 · via Home - CBSNews.com

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The surging cost of filling up her car is taking a toll on Melissa Miles's finances — and her classroom attendance.

A full-time student in social work at Eastern Michigan University, she commutes daily in her 2015 Chevrolet Sonic between school and her home 80 miles away in Hillsdale, Michigan. But with gasoline prices in the state now averaging $4.80 a gallon, the 42-year-old told CBS News she has started skipping some classes to avoid the drive.

"Literally every day, I have to figure out, do I have the groceries for the week, or do I have the necessities for today? And then compare it to, can I miss this class?" said Miles, a single mom whose budget includes looking after her five-year-old son.

screenshot-2026-05-06-at-5-36-18-pm-1.png
Melissa Miles with her five-year-old son, Kingston. Miles regularly travels 160 miles round-trip to attend classes at Eastern Michigan University.

Miles is one of the millions of U.S. motorists grappling with sharply higher prices at the pump due to the Iran war. The national gas price rose on Wednesday to $4.54 a gallon, up more than $1.50 since the conflict erupted in late February, according to AAA. 

The cost of diesel has also jumped to $5.67, up from $3.54 a year ago, and is threatening to drive up the prices of countless goods delivered by truck and rail. 

Although President Trump said this week that the U.S. is making "great progress" in its negotiations with Iran, economists and energy experts predict that fuel costs are likely to remain elevated for months to come. 

Mark Zandi, chief economist at financial research firm Moody's Analytics, expects gas prices to settle at around $3.50 a gallon by the end of 2026, roughly 50 cents higher than the cost just before the war.

White House spokeswoman Taylor Rogers told CBS News that Mr. Trump remains committed to lowering fuel costs for Americans.

"As the president continues to exert maximum leverage over Iran with the ongoing successful blockade to bring this conflict to an end, we will see global energy markets stabilize and gas prices plummet back to the multi-year lows Americans enjoyed prior to the start of Operation Epic Fury," Rogers said in an email.

Sacramento, California, resident Daniel Hock expressed frustration with the state's skyrocketing gas prices, which at $6.16 a gallon are the highest in the country.

"I ultimately am the one footing the bill under a presidency that said that my gas prices would go down," he told CBS News.

The 33-year-old, who works as a university admissions adviser, said he now spends roughly $100 a week on gas, or roughly 9% of his pre-tax income. That's money he'd rather use to pay down the debt he accumulated during a recent four-month period of unemployment, he told CBS News. 

Not surprisingly, low-income Americans are taking the biggest hit from higher fuel costs, given that they spend a larger share of their income on gas than those higher up the income ladder. Bank of America data shows that in March, low-income families spent 4.2% of their income on gas, compared to 2.7% for wealthier households.

Steph Thornton, a 42-year-old single mom of two, said higher fuel prices are hurting people like her who live just above the poverty line. The Macomb, Michigan, resident, a community health worker, uses her 2017 Ford Escape to conduct home visits with clients. Thornton estimates she now spends about $400 a month on gas, compared to $320 earlier this year when prices hovered around $3 a gallon. 

"Many of us haven't even regrouped from the pandemic," Thornton said. "Things are just hitting us back-to-back."

Edited by Alain Sherter

In:

Trump administration struggles on gas prices

Trump administration struggles to ensure Americans that gas prices will drop soon 02:59

Trump administration struggles to ensure Americans that gas prices will drop soon

(02:59)