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Why Energy Prices Didn’t Soar Higher This Year
['Ravi Agrawal', 'Anchal Vohra', 'Ali Ahmadi', 'Alexandra Sharp', 'Christian Caryl', 'Bret Devereaux', 'Peter Frankopan', 'Alexandra De Hoop Scheffer', 'Odd Arne Westad', 'Suzanne Nossel']
Foreign Policy
In the United States, it’s been mainly measured in terms of what happens with the gasoline pump.
They’re about a dollar higher, and as we know, there’s no price in the United States that is more politically sensitive than gasoline prices.
That means wholesale natural gas prices in the United States have actually gone down since this war started.
These low prices give the United States an economic advantage as a manufacturer over Europe and other parts of the world.
A lot of industry had become very focused on the United States, as the United States went from producing 5 million barrels a day to currently 14 million.