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The Texas Tribune
The Texas Tribune
National
Riddhi Bora

What soaring gas prices mean for Texas and how long it could take for costs to come down

Oil Gas Prices Texas Ed Hirs United States University of Houston

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 to $4.52 on Monday, according to the AAA.

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