Rising Gas Prices Coming After OPEC Cut

  • There are increasing fears as analysts say gas prices will rise even higher now that OPEC and some other countries joined together to slash oil production.
  • As you might recall, President Biden traveled to Saudi Arabia just a few months ago in an effort to improve relations and to get the Saudis to increase oil production.
  • The White House is saying that Biden "is disappointed by the shortsighted decision" and that another ten-million barrels will be released from the Strategic Petroleum Reserve next month.

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