The US energy dominance vision is failing after President Donald Trump's attack on Iran has caused chaos in global energy markets. Despite the world's largest oil and gas producer, the US is still dependent on oil imports, despite its oil production at record highs. Gasoline prices have risen to more than $4 per gallon for the first time in four years, according to a report by Democrats on Congress’ Joint Economic Committee. The oil industry reportedly lobbied the White House to reject Iran’s bid to levy tolls on tankers to pay for post-war rebuilding. Oil prices are expected to remain elevated through the year even if the conflict is resolved by the end of April. Key energy infrastructure could be damaged by missile strikes. Critics argue that the transition away from fossil fuels won't buy independence when geopolitical order is fraying.