OPEC cuts oil production by a new record
For the second straight week, gas prices climbed higher, with the nation’s average gas price now $3.78 per gallon.
OPEC-Plus has agreed to cut oil production by a record two million barrels a day, which will send gas and diesel prices higher.
The oil cartel was expected to cut production anywhere from half a million barrels to two million. The announcement comes as gas prices are already climbing for the second straight week.
Diesel is holding steady, dropping $0.03 in the last week.