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The Texas Tribune
The Texas Tribune
National
Paul Cobler

Texas oil companies stand to profit from Iran war disruptions while consumers face higher gas prices

The U.S.-Israel war with Iran means higher profits for Texas oil companies and higher costs for its consumers, according to Texas experts who are tracking suddenly-volatile energy markets.

The average cost for a gallon of regular gasoline in Texas hit $3.21 Tuesday morning, up from $2.55 a month ago, according to AAA. That is lower than Tuesday’s national average of $3.54.

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