Trump calls fuel costs a small price, but American drivers are paying 8x more
U.S. consumers are paying nearly 8x more in fuel costs than others globally, according to a report, due to oil reliance and policy choices.
The story
U.S. consumers are paying nearly 8x more in fuel costs than others globally, according to a report, due to oil reliance and policy choices.
Source: fortune.com
Our reading
The Trump administration called the war’s fuel costs a ‘small price to pay,’ but American drivers are now paying $4.26 a gallon, a price that’s not small for anyone. The same policies that were meant to boost energy production have instead left consumers stuck with a system that rewards oil dependence.
It’s not just the war—America’s love affair with gas-guzzling cars and lack of EV incentives have made the problem worse. Even as other countries adopt cleaner transportation, the U.S. is still stuck in a cycle of high fuel prices and low efficiency, all while the administration claims it’s making a ‘freaking fortune.’
So, the next time someone says ‘remember that,’ they might be reminding you that the price of oil is also the price of policy choices, and it’s not getting any smaller.
