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Oil and gas prices rise across the country

Oil and gas prices rise across the country

As the war with Iran enters its fourth week, gas prices across the country continue to climb.

Prices have been rising in recent weeks, and here in Utah, drivers are adjusting by carpooling, taking public transit or even walking to save money at the pump.

For many, filling up the tank now requires rethinking daily routines.

The United States is one of the world’s largest oil producers, but prices remain tied to the global market.

Eric Lewis, an assistant professor at Brigham Young University studying oil and gas, spoke about the impact.

"There's no policy to stop us from exporting oil, but it used to be the case that there was a crude oil export ban … if we did put an export ban that could push the prices down a bit," Lewis said.

Meanwhile, much of the world’s oil passes through the Strait of Hormuz near Iran. Ongoing conflict in the region has slowed or halted some shipments, driving up costs worldwide.

Those increases are now showing at the pump, with prices in parts of Utah rising over four dollars a gallon, more than a dollar higher since the conflict began.

Graham Thompson, a lifelong Utah resident, said he was surprised by the price increase.

"I thought it was just at one gas station, so I went to another one, that one was also a lot higher," Thompson said.

As prices rise, drivers say they're paying close attention — and making changes.

"Consumers are paying attention to the prices, and if the prices go up, that makes you change your behavior," Lewis said.

For many, that means driving less and turning to options like public transit, biking or walking.

Kristen Kelly, a BYU student, said she won't be changing her habits too much yet.

"I'll still be paying for gas because I love driving my car, I'll just budget better," Kelly said.

While oil and gas prices will continue to change, the habits that are being built may stick around much longer.