U.S. Gas Prices Rise Sharply Following Iran War

Why it matters locally: Texas, home to the nation's largest refining capacity and a major oil producer, could face significant implications from sustained crude price increases, potentially affecting both energy costs for consumers and state energy sector revenues.

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Gasoline prices across the United States have increased since the start of the war in Iran. The national average price of gas had been close to $3 per gallon before war began.