If this is true why are our gas prices so high?

Instability in the Middle East is posing problems for OPEC, the world’s largest oil cartel. The cartel may have trouble producing enough oil to meet demand later this year, according to energy analysts.

But in the U.S., oil production continues to boom, reaching a 28-year high last week, rising 78,000 barrels per day to reach 8.428 million — close to the 1970 all-time production high of 9.6 million barrels per day.