Texas fuel prices have risen significantly since the U.S.-Israel war on Iran began on Feb. 28, which led to Iran closing a key international shipping lane for oil and gas, the Strait of Hormuz. The average price for a gallon of gas in Texas, which was $2.55 in early February, surged by nearly two dollars […]
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What soaring gas prices mean for Texas and how long it could take for costs to come down
Here’s what you should know about the market forces at play and what higher prices mean for oil companies and the state.