--- description: The Cost of Cheap Gas Exploring the ramifications of cheap oil for the U.S., the world—and you Should the U.S. Export? A domestic Bonanza has... title: TIME Magazine Cheap Gas image: https://static.time.com/v3/assets/bltea6093859af6183b/blt21af2d16e9802e14/69877b218e060103dc459d6c/final-gas-cover1.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [U.S.](/section/us/) ## U.S. Update your preferences in [Account Settings](/account/preferences/) Close # In The Latest Issue (22 Jan 2015) by [TIME Staff](/author/time-staff/) ## TIME Staff Update your preferences in [Account Settings](/account/preferences/) Close Jan 22, 2015 11:40 AM CUT  TIME Photo-illustration. Photographs by Jody Dole–Getty Images; Foodcollection/Getty Images by [TIME Staff](/author/time-staff/) ## TIME Staff Update your preferences in [Account Settings](/account/preferences/) Close Jan 22, 2015 11:40 AM CUT [**The Cost of Cheap Gas**](http://time.com/3678077/the-cost-of-cheap-gas/ "undefined") **Exploring the ramifications of cheap oil for the U.S., the world—and you** [**Should the U.S. Export?**](http://time.com/3678068/should-the-u-s-export/ "undefined") **A domestic Bonanza has some lawmakers rethinking 40 years of policy against selling American crude overseas** [**Texas Takes a Hit**](http://time.com/3678074/texas-takes-a-hit/ "undefined") **Shale Riches created jobs and wealth. Now the state faces life after the boom** [**The Big Loser**](http://time.com/3678087/the-big-loser/ "undefined") **Black markets. bread lines. In Venezuela, falling oil prices mean a reckoning for the socialist revolution** [**Global Forecast**](http://time.com/3678080/global-forecast/ "undefined") **With OPEC’s sway diminished, lower prices may have staying power. That means opportunities along with a sobering price tag** [**Barack Obama Is Ready to Rejoin the Battle**](http://time.com/3676493/state-of-the-union-2015-barack-obama-congress/ "undefined") **In the story of a Minnesota couple, an embattled President rediscovers his voice and his purpose** [**Obama Is Wasting His ‘Morning in America’ Chance**](http://time.com/3678089/obama-is-wasting-his-morning-in-america-chance/ "undefined") **How he could be the Redistributor in Chief** [**China’s Bad Crowd**](http://time.com/3678081/chinas-bad-crowd/ "undefined") **Beijing has fostered trade ties, but lacks reliable allies** [**Thinking Outside The Can**](http://time.com/3678094/thinking-outside-the-can/ "undefined") **Campbell’s Soup CEO Denise Morrison is cooking up a new recipe to court consumers obsessed with healthy eating** [**The Republicans’ White House Watchdog**](http://time.com/3678069/the-republicans-white-house-watchdog/ "undefined") **Jason Chaffetz starts his hunt for slip-ups** [**How the Super Bowl Became Pop’s Biggest Stage**](http://time.com/3678075/super-bowl-halftime/ "undefined") **Halftime is a hit** [**The Culture**](http://time.com/3678093/the-culture/ "undefined") [**Pop Chart**](http://time.com/3678095/pop-chart/ "undefined") [**_American Sniper_** **’s Chances Rise in the Oscar Race**](http://time.com/3678066/an-oscar-for-american-sniper/ "undefined") **Clint Eastwood’s war film makes a bundle and snarls the competition** [**Xavier Dolan: Drama King**](http://time.com/3678072/xavier-dolan-drama-king/ "undefined") **The blockbuster dreams of Canada’s indie wunderkind** [**Knope and Change**](http://time.com/3678065/knope-and-change/ "undefined") **“Parks and Recreation” bet against cynicism and won** [**Where to Vacation With a Strong Dollar**](http://time.com/3678082/where-to-vacation-with-a-strong-dollar/ "undefined") **How to get better deals for vacations abroad** [**College Admission Impossible**](http://time.com/3678090/admission-impossible/ "undefined") **Trust me, students, you do not want to see the comments on your application** [**World**](http://time.com/3678092/world/ "undefined") [**Briefing**](http://time.com/3678084/briefing/ "undefined") [**Troubled Waters on Planet Earth**](http://time.com/3678078/troubled-waters/ "undefined") **New reports on the state of the oceans paint a grim picture** [**What the Egg Carton Really Means**](http://time.com/3678073/what-the-egg-carton-really-means/ "undefined") **How to unscramble confusing label claims** [**Something Ventured**](http://time.com/3678070/something-ventured/ "undefined") **New tech startups are being primed by a major boom in funding** [**Gay Marriage and the Law of the Land**](http://time.com/3678076/gay-marriage-and-the-law-of-the-land/ "undefined") **The Supreme Court is poised to settle the fight once and for all** [**Tom Brady’s Last Shot?**](http://time.com/3678079/tom-bradys-last-shot/ "undefined") **The clock is ticking on a superstar** [**Milestones**](http://time.com/3678071/milestones/ "undefined") [**Barbra Streisand**](http://time.com/3678067/barbra-streisand/ "undefined") **Platinum queen** [**Tony Verna**](http://time.com/3678083/tony-verna/ "undefined") **Invented instant replay** [**What You Said About …**](http://time.com/3678086/what-you-said-about/ "undefined") ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3678137/in-the-latest-issue-20/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3678137/in-the-latest-issue-20/"},"headline":"In The Latest Issue (22 Jan 2015)","datePublished":"2015-01-22T11:40:14.000Z","dateModified":"2026-02-26T19:52:21.447Z","description":"The Cost of Cheap Gas Exploring the ramifications of cheap oil for the U.S., the world—and you Should the U.S. Export? 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