OPEC+ Makes Big Oil Cut To Boost Prices; Costs At Pump May Rise

OPEC announced a cut in oil production by 2 million barrels a day, aiming to keep oil prices high. This decision could lead to a rise in gas prices, affecting consumers and potentially pushing the average national price towards $5 per gallon. The move also has political and economic implications, impacting the Biden administration and possibly aiding Russia's war efforts. Analysts predict short-term price hikes, but hope they will be temporary.

What is the current average price of gas in the United States according to the text?

What was President Biden's reaction to OPEC's decision?