investors.bwen.com, 13 June 2014 [cached]
Dan Steffens, president of the Energy Prospectus Group, recently explained that without the shale boom, gas prices could easily be at least $6 a gallon, the Daily Signal reported.
One of the biggest reasons why energy experts believe gas prices could be higher is because of other nations' political turmoil situations at the moment. In Iraq, the overpowering ISIS terrorist group has claimed regions with some of the country's largest oil fields. Additionally, Russia's increasing tensions with the Ukraine have gas prices being affected for several European nations.
U.S. output dramatically different from a decade ago
Not even 10 years ago, the U.S. was only able to produce 69 percent of its energy needs and relied heavily on foreign markets for oil and gas resources, the Energy Information Administration reported. However, as the nation has moved closer to energy independence, the foreign incidents do not affect U.S. oil and gas prices as much as they would have without the energy revolution.
"With what's going on the Middle East, I think it would be five or six bucks [a gallon]," said Steffens, according to the Daily Signal.