What’s with oil prices?

“The U.S. now produces more oil than any other country on earth. But it also consumes more, and even though very little of America’s petroleum is imported from the Persian Gulf, the market is global — meaning everyone is competing for the same barrel of oil. So prices rise everywhere at once.” Andrew Romano (Yahoo News) 4/10/26

If the American supply and demand is unchanged, why are American companies charging Americans global prices? Because they can?

Jerry Phillips

Schaumburg