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Here’s Why Gas Prices Are Increasing After Almost 100 Days of Declines

2022-10-12 658 Dailymotion

Here’s Why Gas Prices Are Increasing , After Almost 100 Days of Declines.<br />NBC News reports that for the past 98 days, gas prices have been dropping.<br />NBC News reports that for the past 98 days, gas prices have been dropping.<br />But AAA reports that on Oct. 10, the average cost of a gallon of gas in the U.S. rose to $3.92.<br />The OPEC+ decision to <br />cut oil production <br />is a key factor. .<br />Patrick De Haan, chief petroleum analyst at GasBuddy.com, says prices are likely to continue climbing. .<br />With OPEC+ deciding to cut oil production <br />by two million barrels a day, we’ve seen <br />oil prices surge 20%, which is the primary factor in the national average rising <br />for the third straight week, Patrick De Haan, chief petroleum analyst at GasBuddy.com, via NBC News.<br />De Haan predicts that the average cost of gas in America will once again hit $4 a gallon.<br />I don’t expect much improvement in prices for most of the country, Patrick De Haan, chief petroleum analyst at GasBuddy.com, via NBC News.<br />Andy Lipow, president of Lipow Oil Associates LLC consultancy, agrees with that prediction. .<br />NBC News reports that some West Coast and Midwest refineries are set to resume operations, which would help prices to go down in those areas

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