Submitted by USAFacts_Official t3_yl8yag in dataisbeautiful
Pokerhobo t1_iuya490 wrote
Reply to comment by USAFacts_Official in What factors contribute to gas prices? [OC] by USAFacts_Official
People need to understand that crude oil is traded at global prices, not how much it costs locally. The US has exported more oil than imported, but that oils is still at global prices. This is why OPEC has such an impact on gas prices even if the US is oil independent. The real change is moving off oil completely.
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