crude oil

A train carrying crude oil derailed and caught fire in Whatcom County Tuesday morning, prompting officials to evacuate all nearby residents and businesses for several hours.

It's the largest one-day surge in crude prices in years. Yemen's Iranian-backed Houthi rebels claimed responsibility for the strikes, but the U.S. says Iran played a key role. Iran denies involvement.

The Interior secretary touted the revised rules as eliminating "unnecessary regulatory burdens while maintaining safety." But environmental groups said the move demonstrates oil industry influence.

On January 28, 1969, an oil well off the coast of Santa Barbara, Calif., experienced a blowout. The result was an oil spill that at the time ranked as the largest in U.S. waters.

Gasoline prices have been dropping steadily for months; they're averaging right around $2.25 per gallon nationally. Enjoy, but don't get used to them, analysts say.