America's oil boom & gasoline prices: It's complicated

Note: Prices reflect the average annual price for one gallon of regular unleaded gas. Data: Energy Information Administration; Chart: Chris Canipe/Axios

U.S. oil production has more than doubled over the last decade, but American drivers haven't always reaped the benefits.

Why it matters: U.S. gasoline prices are priced largely on the global oil market, where America's oil boom has been one of many complex factors affecting prices over the last several years. Casual observers may link our increased oil production with what they pay to fill up their cars' tanks, but they shouldn't, experts say.