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Iran Conflict Drives Up Gas Prices

Iran Conflict Drives Up Gas Prices

Lawrence News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 10, 20261m 15s

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Show Notes

Iran Conflict Drives Up Gas Prices: A University of Kansas business professor explains how the ongoing conflict in Iran is disrupting oil shipments, leading to higher retail gas prices. Drivers in Lawrence and across the country are feeling the pinch at the pump, with experts warning prices could climb higher if the fighting persists. The professor breaks down the four main components of retail gas prices and discusses limited government options to ease prices. Ripple effects are expected in airline tickets, home energy bills, and food costs tied to crude.

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