Gas prices starting to take off again. More increases are on the way | CNN Business

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Even before Wednesday’s action by OPEC+ to cut oil production, US gas prices were on their way up.

More price increases at the pump likely lay ahead. Gas prices rose nearly 3 cents a gallon in AAA’s daily reading Wednesday, to $3.83 a gallon, the biggest one-day hike in nearly four months. The 99-day streak of price declines from mid-June to September 20 may become a distant memory, even as today’s prices are still far below the June record of just over $5.03 a gallon.

which includes not only nations in the oil cartel but other major oil producers such as Russia, agreed Wednesday to slash oil production by about 2 million barrels a day. Oil futures rose about 2% on the news and gasoline futures were also slightly higher on the OPEC move. Gasoline futures are up about 20 cents a gallon since the slide in gasoline prices ended last month, pointing to possible higher prices ahead.

 

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thats the big oil companies they are a fuckin disgrace!!!!!

Fox News?

Even before the incompetent administration of Biden took office, oil and gas prices were under the control of the efficient and competent government of Trump, and OPEC was looking for customers to sell oil and gas.

LMAO....You voted for it, reap it!

Yeah, thank the people you protect....

America is still the NUMBER One oil producer on Earth...why aren't we just selling it to ourselves

Thanks Uncle Joe,

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