Gas prices rise as crude oil company cuts production

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In the US, the average cost per gallon is $3.51, up seven cents from a week ago.

Drivers are in for a rude awakening in the coming weeks at the gas pump, and a crude oil giant is partially to blame.

Mendez always prints her receipts at the pump. She worries prices will creep up to summer 2022 highs of over $5 a gallon.We're not quite there yet, but AAA says the price of gas is rising. An even steeper price jump is expected. OPEC announced its cutting oil production by 1.6 million barrels per day starting in May.

 

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