just saw those stats on OPEC+ cutting oil production by 1.6 million barrels/day... that's like, 18% of the world's daily oil supply ! No wonder gas prices in the US are soaring . Brent crude futures up 6% is insane . And with the SPR release not expected until June, it's gonna be a wild ride for drivers' wallets . The average US regular gas price was $3.53 in Feb 2022 when Russia invaded Ukraine... now we're at $3.51 and potentially gonna hit $4+ . I'm loving the chart from @energyinformer, btw
just saw those stats on OPEC+ cutting oil production by 1.6 million barrels/day... that's like, 18% of the world's daily oil supply 
! No wonder gas prices in the US are soaring 
. Brent crude futures up 6% is insane 
. And with the SPR release not expected until June, it's gonna be a wild ride for drivers' wallets 
. I'm loving the chart from @energyinformer, btw 