News and Opinion: October 5, 2022. Oil Prices Increase After News of Cut by OPEC+

OPEC+ has decided to cut the production of oil by its members by 2 million barrels per day. This has made the oil prices around the world react and they are already showing increases.

In the US, this means that the the gasoline price (and heating oil, diesel) is going to increase. This will impact regular people and businesses and will definitely be taken into account by the US electorate in the midterm elections of November.

For further information, read this article

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.