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.
Browsing: gas
Unlike other historic, yet revolutionary discoveries and inventions – like fertilizer, air conditioning, or aviation – oil and gas has not been able to quietly age into an unsung hero of modern life. Instead, the industry and its nearly 11 million American workers have been villainized and rejected by the very people who reap the benefits of oil and gas.
