The U.S. produces the most oil in the world. So why are gasoline prices so high?

U.S. gasoline prices are at their highest level in nearly four years, raising consumer frustration at the pump and adding to inflation concerns. The article points to a potential drag on household spending and a weaker economic backdrop as fuel costs remain elevated.

Analysis

U.S. gasoline prices are at their highest level in nearly four years, raising consumer frustration at the pump and adding to inflation concerns. The article points to a potential drag on household spending and a weaker economic backdrop as fuel costs remain elevated.