On Wednesday, the average national gas price in the U.S. rose to $3.84 a gallon, up from $2.92 a month ago, according to AAA. A gallon of diesel has shot up to more than $5, the highest level since late 2022.

And here‘s the thing: The U.S. exports much of the oil it produces, selling it to foreign purchasers. We also remain a major importer, with the U.S also the world‘s biggest user of oil, data shows.