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WASHINGTON, D.C. — OPEC’s announcement last weekend that it will cut production by over a million barrels per day starting in a month took the oil market by surprise. In response, crude immediately surged well above $80 a barrel, although it has since struggled to…Read more »

WASHINGTON, D.C. — The national average for a gallon of regular gasoline rose a nickel since last week to hit $3.48. Robust demand for gasoline and rising oil prices are the driving factors for the recent uptick in pump prices. “Oil prices finally crested and…Read more »

WASHINGTON, D.C. — Spring has sprung with gas demand surging last week as motorists took advantage of better driving weather. But fears of a recession caused global oil prices to hover near $70 a barrel, mitigating a rise in gas prices. The national average for…Read more »

WASHINGTON, D.C. (March 16, 2023)—Despite the sour economic news roiling the stock and oil markets, the national average for a gallon of regular gasoline had a calm week, remaining at $3.46. Meanwhile, the global oil price plunged into the low to mid $60 per barrel,…Read more »