Americans Should Prepare For Rising Gas Prices, Analysts Warn
View Source | October 5, 2022 9:22 am
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- 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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