T
he surprise OPEC+ oil production cuts will increase gas prices — here’s how much
A gallon of gas now costs $3.50 on average. What will OPEC+’s production cuts mean for gas prices?
On Monday, the national average for a gallon of gas was $3.50, according to AAA. That’s around 10 cents more than a month ago, but almost 70 cents less than the $4.19 average cost one year ago.
It’s possible for gas price averages to hit around $3.60 in the next week or so, he said. The other 10 to 15 cents might filter into retail pump prices later this month or in early May.
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