Browsing: gas prices

A Dallas oil CEO warns gas prices could soar to $5 or $6 per gallon amid escalating conflict involving the US, Israel, and Iran. The instability in the Middle East threatens to disrupt global oil supplies.

Dallas gas prices have surged amid escalating tensions in Iran, threatening global oil supplies. Experts warn that continued conflict could drive prices even higher, impacting consumers and local economies.

Claims that gas prices are $1.98 a gallon in some U.S. states, as stated by Donald Trump, are false. According to dallasnews.com, current prices remain significantly higher nationwide.

Oil and gas activity declined again due to rising costs and elevated uncertainty, the Federal Reserve Bank of Dallas reported. The sector faces ongoing challenges, impacting production and investment outlooks.