"During Domestic Drilling Boom, Why Are Gas Prices Still High?"
"The drilling processes of hydraulic fracturing – or 'fracking' — and horizontal drilling have made it possible to access previously unreachable deposits of fossil fuels, creating a surge in domestic oil and natural gas production. So why are prices at the gas pump still relatively high? (Last week, the average national gas price was $3.68 per gallon.)"
"We sat down with Dr. Ted Patzek, Chairman of the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin, to find some answers.
He said there are multiple reasons why gas prices are still up, even though the country is producing more than it has in some time..."Source: StateImpact Texas, 08/02/2013