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The US has led the world in production growth over the last decade, as evidence in the growth map below (from EIA's Internation Energy Statics):
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Ending stocks (excluding SPR) of crude oil on a PADD basis, last 10 years (from http://www.eia.gov/dnav/pet/pet_sum_sndw_a_EPC0_SAX_mbbl_w.htm) show growing stocks due, in large part, to recent growth in US production:
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While global supply and demand drives prices, regional spot prices (West Texas Intermediate vs. North Sea Brent Crude) can highlight localized market constraints (from http://www.eia.gov/dnav/pet/pet_pri_spt_s1_d.htm):
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U.S. retail gasoline and diesel prices (from http://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm) strongly correlate with global petroleum prices, which have fallen in recent years due to a growing world production:
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