America has lots and lots of oil enough to be pretty much self reliant and be able to set prices.
The reason we are not is because gas companies are always afraid the dems will shut them down. It is not worth it for them to invest the huge sums when one day a dem president will say we have to go green and we can’t drill our own oil.
Instead of us drilling in the most green way possible, we are allowing the Arab countries to get rich and they don’t care about green and safety. American companies can’t lower prices because they are in a very risky business, when dems are in power. If there was a Republican in power, they would be receiving incentives to produce more (instead of the rhetoric Biden seems to love) which would cause lower prices.
Under Biden, taxes for these companies are higher, there are more regulations- and then Biden gives all his nice speeches that they are making too much profit and that they have to drill more oil. Biden loves blaming the American oil companies for their high prices, yet he is tying their hands behind their back. Even if he lowers regulations (which I believe he did) the oil companies don’t trust him not to put them right back.