Houston Gas Prices Rise Amid Iran War Oil Disruption
Houston residents are grappling with rising gasoline prices amid a global oil supply disruption caused by the war in Iran, even as the United States prepares for record exports from its Gulf Coast facilities.
The conflict has led to the nearly six-week closure of the Strait of Hormuz, a critical shipping route, creating widespread supply chain issues. U.S. President Donald Trump highlighted the arrival of empty supertankers to load American crude, a development expected to increase revenues for North American oil companies. However, this boon for producers has not translated into relief for local drivers, who continue to face higher costs at the pump.
In Houston, the average price per gallon rose by 4.4 cents in the past week, according to local reports, though the city still has some of the lowest rates in the nation. Elyse Vandermolen, a frequent traveler who exhibits dogs at shows across Texas and neighboring states, expressed frustration while filling up at a Shell station on Tuesday. "It just makes your eyes pop out when you fill up the tank," she said. Traveling with her companion Lyn Sheridan, Vandermolen noted that Texans recognize the demand for U.S. exports but...