As Big Oil Meets in Houston, Families Across Texas & Nation are Paying the Price
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HOUSTON – Big Oil executives are convening in Houston for CERAWeek this week, while Texas families have watched gas prices jump from $2.56 to $3.61 per gallon since February 28 — a 41% spike in less than a month. Nationally, gas prices have surged 32% since Trump’s war in Iran began, and electric bills have already spiked up to 13% since he took office.
Yesterday, Energy Secretary Wright was in Houston touting U.S. “energy dominance” as the Trump administration quietly issued an emergency Iran sanctions waiver just to keep oil flowing. Meanwhile, Trump’s agenda has put 28 clean energy projects at risk in Texas alone, threatening 52,332 jobs and $6.77 billion in investment.
“Trump started a war, gutted clean energy, and now has to raid the Strategic Petroleum Reserve just to keep gas prices from spiraling even further,” said Tiffany Hsieh from Climate Power. “Texans are paying over a dollar more per gallon for gas than they were a month ago, utility bills are through the roof, and billions in clean energy jobs and investment have been put on the chopping block. Trump has created a global energy crisis – the exact opposite of the so-called ‘energy dominance’ agenda he promised.”
BY THE NUMBERS
- Texas gas prices: $2.56 → $3.61/gallon since Feb. 28 (41% increase in under a month)
- National gas prices up 32% — fastest four-week surge since Hurricane Katrina (2005)
- Electric utility bills have skyrocketed up to 13% nationally since Trump took office
- Since Trump took office, Texas has seen 28 clean energy projects put at risk, 52,332 jobs threatened, and $6.77B in investment stalled
- Trump has spent $1B+ in taxpayer funds to kill offshore wind — while issuing Iran sanctions waivers to stabilize supply
- Blocking wind and solar could nearly double rate hikes driven by data center demand
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