this post was submitted on 07 Oct 2025
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[–] eletes@sh.itjust.works 1 points 3 days ago (1 children)

What's crazy is gas is still ~$3 around where I'm at. Inflation has gone up something like 22% over the last 4-5 years and gas is still pegged there.

I mean I get it, people flip out once it gets over $4, so I'm wondering what they're doing to keep it down. Maybe it's demand is low because people aren't doing as much but idk

[–] Treczoks@lemmy.world 4 points 3 days ago (2 children)

When you complain about gas prices at 3 or 4 dollar, come visit us in Europe where the same amount costs about 8 dollars.

That is one of the main reasons why Europeans don't buy American cars.

[–] TubularTittyFrog@lemmy.world 3 points 3 days ago

The american car market has very few small economical models of car to buy anymore.

[–] eletes@sh.itjust.works 1 points 3 days ago (2 children)

You're highlighting the point I'm making, how is America keeping gas prices low? I suspect the answer is fracking improvements.

Gas prices are one of the few pillars that would devastate the average American if they were to go up.

[–] Treczoks@lemmy.world 1 points 3 days ago

No, the answer is primarily taxes. In Europe, the damage to the environment is at least partially put into the gas prices in the form of taxes.

[–] ultranaut@lemmy.world 1 points 3 days ago

Gas prices really depend on where you live, some parts of the country do not have low prices. You are right though, supply is up because US oil production is as high as it has ever been in recent years and much of that is due to fracking. If it weren't for improvements in US oil production prices would definitely be significantly higher.