10/04/2022

Oil, Gas Prices Elevated Ahead of Key OPEC+ Meeting

OPEC+ to reportedly discuss potential production cuts

Oil and gas prices are elevated ahead of a key meeting by OPEC+ that could potentially see the organization cut production by a million barrels per day.

Oil has climbed over 3 percent on Tuesday, pushing above $86 per barrel. It was the largest two day percentage gain since April 13, 2022.

Meanwhile, gas prices across the U.S. are ranging from as low as $3.06 per gallon in Mississippi to as high as $6.41 per gallon in California, according to AAA. The national average gas price is currently sitting at $3.80 per gallon.

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