What OPEC’s surprise oil cut means for US gas prices
What OPEC’s surprise oil cut means for US gas prices
Credit- CNN
Credit- CNN
OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps.
OPEC and its allies’ surprise move to slash oil production will soon be felt at US gas pumps.
Credit- CNN
Credit- CNN
The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May
The group known as OPEC+ announced Sunday it would cut oil production by more than 1.6 million barrels a day starting in May
Credit- CNN
Credit- CNN
The news sent both Brent crude futures, the global oil benchmark, and WTI, the US benchmark, up about 6% in trading Monday.
The news sent both Brent crude futures, the global oil benchmark, and WTI, the US benchmark, up about 6% in trading Monday.
Credit- CNN
Credit- CNN
The national average for US gas prices stood at $3.51, on Monday
The national average for US gas prices stood at $3.51, on Monday
Credit- CNN
Credit- CNN
Kloza said he could see it getting up to $3.80 to $3.90 in relatively short order thanks to the move by OPEC.
Kloza said he could see it getting up to $3.80 to $3.90 in relatively short order thanks to the move by OPEC.
Credit- CNN
Credit- CNN
We’re not going to get back to $5 a gallon. I don’t think we’re even going as high as $4
We’re not going to get back to $5 a gallon. I don’t think we’re even going as high as $4
Credit- CNN
Credit- CNN
The average US regular gas price a year ago stood at $4.19 a gallon in the wake of Russia’s invasion of Ukraine and the disruption that caused to world’s energy markets
The average US regular gas price a year ago stood at $4.19 a gallon in the wake of Russia’s invasion of Ukraine and the disruption that caused to world’s energy markets