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Major oil companies reap massive profits as US and Iran fighting drives energy prices higher

Katherine Langford
Katherine Langford
Editor-in-Chief · Friday, July 31, 2026 at 1:35 PM
Major oil companies reap massive profits as US and Iran fighting drives energy prices higher — WTSP Business Tampa Bay, Wesley Chapel Business news
Image: WTSP Business Tampa Bay

The average price for a gallon of regular gasoline in the U.S., which was below $3 before the U.S. and Israel launched attacks on Iran, reached $4.11 Friday.

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