The US is the world’s biggest oil producer — so why are gas prices rising here?

The oilfields of Texas, Alaska, and other regions throughout the United States have made the country the world’s largest oil producer, pumping more than 13 million barrels per day. Yet, gasoline prices at the pump have been climbing. The national average has jumped to $3.32 per gallon, up significantly from $2.98 just a week ago. […]

Oil analysts say there is a supply glut — why that hasn’t translated to lower prices this year

At the start of the year, the consensus among oil analysts was clear: the crude market was entering a period of significant oversupply, a situation expected to keep prices low throughout 2026. After all, prices had fallen by roughly 20% in 2025 as this glut widened. Instead, the market has witnessed an unexpected rally, leaving […]