CONSUMER ALERT: Gas Prices Surging Before Holidays In Wake of OPEC’s Oil Production Cuts
By FOX NEWS // December 22, 2016
Prices at highest level since October
ABOVE VIDEO: Patrick DeHaan, senior petroleum analyst at GasBuddy.com says gas prices “are headed north in just about every community across the country.” Last month, in 39 cities across the country, prices were up 23 cents.
(FOX BUSINESS NEWS) – Gas prices across the country are on the rise as the holiday travel season draws near.
Prices at the pump have already reached their highest level since October, AAA said, in the wake of OPEC’s plans to reduce oil production next year.
The national average has increased 21 of the past 22 days, climbing about 12 cents over that span to $2.25 a gallon on Tuesday. Every state has left the sub-$2 club, which was about a dozen strong at the start of December.
The last month of the year is normally a good one for motorists looking to save money at the pump. In December 2014, prices slid 50 cents on average. Last year, the national average dipped below $2 a gallon.
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