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Why Gasoline Is So Much Cheaper in the U.S. Than Overseas

Even as prices at the pump have remained elevated, American consumers are paying less than many of their counterparts in Europe and Asia

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The war in Iran has lifted U.S. gasoline prices to more than $4 a gallon, the highest average price in four years. 

 Yet U.S. prices are still lower than they are in Germany, South Korea and most other developed countries.

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