this post was submitted on 07 Oct 2025
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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.
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.
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.