re: I am glad this is the last year of high gas prices

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As an oil producing/exporting country the price for oil by the barrel is right about where it needs to be to keep the economy humming along. The cheap foreign oil from 2015-2019 bankrupted the US energy industry. cost investors billions, and was bad for the economy.

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This.

O&G is an international business. Exxon or Chevron, for example, aren't selling at $50 a barrel here when they can get $80 in Europe or Asia. Permitting and tax policies can influence price at the margins, but not significantly. The U.S. government has very little say on the global price of oil. After the Saudi led embargo in the early 70's, never has.

Nationalize the industry like Mexico or Venezuela and it's a different story. A general economic crash will also lower the price. Then we're fricked for reasons other than the price of a gallon of gas.

It's an extremely cyclical long-term business, and gasoline prices will eventually decrease. When is anyone's guess.