alt Hacker News> American gas is not cheap.
Yes it is. I don’t know why you picked Russia to compare to. Russia’s government heavily intervenes in markets to keep prices low, including subsidizing refineries and banning exports at times. The fact that our prices are as low as theirs means our gas is cheap.
I feel like you have not watched any videos of what's going on there right now. People lining up to buy any gas, and those lines are miles long, sometimes they have to wait for 8-10 hours. The crisis now causing shortages in neighboring countries - Central Asian republics and Mongolia. Average gas prices jumped considerably - 8-10x, and you'd think, well, how expensive the gas then? And it's about $4 per gallon. So, just like I said - the "cheap" American gas is comparable to the most expensive gas in modern history of Russia. Of course, there's purchasing power parity and other factors, that's why I said "in absolute-numbers-sense".