Browsing: gas prices

The Iran war is now in its 46th day. Iran responded by restricting access to Hormuz, which carries about a fifth of the world’s seaborne oil, and moving to toll vessels transiting the strait. Waco drivers are already feeling it. The local average hit $3.38 a gallon last week, up 21 cents in seven days and 75 cents year-over-year, according to AAA data.

President Donald Trump addressed the nation Wednesday from the White House, declaring that the U.S. is “on track to complete all of America’s military objectives shortly” in Iran — a message aimed at reassuring a public paying more at the pump and growing skeptical of his handling of the economy.

Gas prices in Texas have surged more than 70 cents per gallon since the U.S. went to war with Iran three weeks ago. The near-total shutdown of the Strait of Hormuz has driven oil prices up more than 40%, pushing the national average to its highest point since 2023 and sending diesel past $5 for the first time in three years.