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Rising gas prices bring frustration to Houston residents

Houston gas prices jumped 4.4 cents per gallon last week as conflict in Iran disrupted global oil markets near the Strait of Hormuz, straining supply chains across North America.
Market researcher Rory Johnston's modelling shows 13 million barrels of daily global oil production are being held back by the war, creating supply constraints that affect the integrated North American energy market.
Robyn Egbert of the Houston-Galveston Area Council noted typical households spend nearly 20 per cent of their budget on transportation, meaning a $1 increase in gasoline adds about $1,183 to annual expenses.
Houston resident Jasmine Keys estimated rising costs added an extra $80 a day to her household expenses, saying, "With the gas prices rising, it's getting scary."
University of Houston professor Brandon Rottinghaus noted the state benefits from increased oil revenues, but "not everybody's going to benefit equally from rising oil prices," highlighting the divide between state gains and family hardship.

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The Toronto Star

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‘It’s getting scary’: Rising gas prices bring frustration to Houston residents

HOUSTON - Elyse Vandermolen is like many residents of Houston — a Texan frustrated by watching the price per gallon tick higher at the gas pump while the oil-producing state

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