Do you realize that 1) we buy oil, not gas from the Middle East and 2) we already have relatively low gas prices (substantially lower than Europe), 3) the prices are set on the world stage. They're not going to cut 50% of the price for America only. Before including taxes, Europeans pay roughly the same price for gasoline as Americans (http://www.eia.gov/countries/prices/gasolineextax.cfm). It's the tax that makes it much higher in foreign nations (over $8 a gallon in UK, Netherlands, and Italy but under $4 in USA: http://www.eia.gov/countries/prices/gasolinewithtax.cfm).
Do you realize that 1) we buy oil, not gas from the Middle East and 2) we already have relatively low gas prices (substantially lower than Europe), 3) the prices are set on the world stage. They're not going to cut 50% of the price for America only. Before including taxes, Europeans pay roughly the same price for gasoline as Americans (http://www.eia.gov/countries/prices/gasolineextax.cfm). It's the tax that makes it much higher in foreign nations (over $8 a gallon in UK, Netherlands, and Italy but under $4 in USA: http://www.eia.gov/countries/prices/gasolinewithtax.cfm).
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