US Gasoline Prices Could Hit $4 a Gallon Thanks to Surprise OPEC+ Oil Cut
- Move higher would come just before summer driving season
- More ‘room to run on the upside,’ ClearView Energy’s Book says
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The surprise OPEC+ production cut will undoubtedly bring higher gasoline bills to US drivers as energy markets climb on tighter supplies.
For pump prices, the move could add more than 50 cents a gallon to the US average, said Kevin Book, managing director of ClearView Energy Partners. The national average is now at about $3.50.