"U.S. crude oil production increased to an average of 7.6 million bbl/d in August, the highest monthly level of production since 1989. EIA forecasts U.S. total crude oil production will average 7.5 million bbl/d in 2013 and 8.4 million bbl/d in 2014, about 0.1 million bbl/d and 0.2 million bbl/d higher, respectively, than forecast in last month’s STEO."http://www.eia.gov/forecasts/steo/pdf/steo_full.pdf
The US domestic oil boom is growing every month and could ultimately surpass Saudi Arabia's production. Despite this massive and new production, EIA reports the following about price:
"Monthly average crude oil prices increased for the fourth consecutive month in August 2013, as supply disruptions in Libya increased and concerns over the conflict in Syria intensified."