WHY GASOLINE IS SO MUCH CHEAPER IN THE US THAN OVERSEAS The war in Iran has lifted U.S. gasoline prices to more than $4 a gallon, the highest average price in four years. Yet U.S. prices are still lower than they are in Germany, South Korea and most other developed countries. The U.S. produces more oil than any nation in the world, and far more than it did during the oil crisis of the 1970s. So it is more insulated from global supply shocks than many nations are. Full article: https://www.msn.com/en-us/money/markets/why-gasoline-is-so-much-cheaper-in-the-us-than-overseas/ar-AA21tMwb?ocid=msedgntp&pc=HCTS&cvid=69e8ff81f2e1411b81f27d1fe624acf1&ei=22(FXHedge)