And all of oil has the same price (taking into account its composition, transportation costs, etc), so it doesn’t happen that 70% of the fuel you buy is cheaper, and only the last 30% gets more expensive. The oil producers are always happy to cash-in the difference and sell it at the market price.
The US doesn’t produce all of the oil they need.
And all of oil has the same price (taking into account its composition, transportation costs, etc), so it doesn’t happen that 70% of the fuel you buy is cheaper, and only the last 30% gets more expensive. The oil producers are always happy to cash-in the difference and sell it at the market price.