Remember when gas was $5 a gallon? Well...
As a result, you can expect pain at the pump to get worse before it gets better.
While gas prices are still down from where they peaked in June, here in Chicago, the average price of regular unleaded — $4.81 per gallon according to Triple-A — is once again starting to push dangerously close to the dreaded $5/gallon mark."We've got the Federal Reserve raising interest rates because inflation's too hot, that could impact demand and slow the economy, so OPEC is using that as justification for a big production cut," said Flynn.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
OPEC+ to consider cutting oil production by more than 1 million barrels a dayOPEC+ is set to consider Wednesday its most drastic reduction of production since the pandemic began.
Lire la suite »
OPEC+ meeting may consider output cut this week: reportMembers of the OPEC+ group of oil producers will meet this week in Vienna to consider a production cut of 1 million barrels a day.
Lire la suite »
OPEC+ mulls oil output cut of over a million barrels per dayTop oil producers including Saudi Arabia and Russia are considering to slash oil output at a time when high energy bills have made life difficult for consumers around the world
Lire la suite »
OPEC production cut could halt the slide in gasoline prices | AutoblogPresident Joe Biden was quick to take credit over one of his most serious political foes: high gas prices. It was a victory lap that may prove premature.
Lire la suite »
OPEC+ may take back control of the oil market with a major output cut | CNN BusinessA potential cut in production of 1 million bpd would send a global signal that OPEC+ wants to regain control of a market that it believes has deviated from the fundamentals of supply and demand, say analysts.
Lire la suite »