Americans Should Prepare For Rising Gas Prices, Analysts Warn

  • Analysts warn that Americans should anticipate surges in gasoline prices.
  • The analysts said the rise in prices can be attributed to major petroleum refinery snags as well as government policies that disincentive increased fossil fuel production.
  • The Organization of the Petroleum Exporting Countries (OPEC) and Russia are expected to announce a significant production cut, as much as 1-2 million barrels per day.
  • “What OPEC might do very much could dictate where we go by the end of the year,”¬†according to Patrick De Haan, head of petroleum analysis at GasBuddy.
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