Gas prices are spiking. So why aren’t U.S. oil companies drilling more?

As the U.S. and Iran fight for dominance in the Strait of Hormuz, U.S. gas prices are continuing to rise—and production might not keep up

SINSIN
May 6, 2026 - 22:00
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Gas prices are spiking. So why aren’t U.S. oil companies drilling more?

As the U.S. and Iran fight for dominance in the Strait of Hormuz, U.S. gas prices are continuing to rise—and production might not keep up

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