Why gas prices are going back up after nearly 100 days of declines For one thing, you can blame a planned production cut OPEC+ announced last week.
Gas pump stock image (Pixabay)
It was the longest losing streak for gasoline prices since the early months of the pandemic: For 98-consecutive days this summer , American drivers experienced declining gas prices thanks in part to a slower worldwide demand for oil.
Now, a cut in oil production signaled by the OPEC+ group last week has sent global crude prices higher, pushing prices back up at the pump.
According to AAA, the national average price of a gallon of gas climbed to $3.92 on Monday.
Read more here from NBCNews.com.
RELATED: Gas prices at the pump: This is what fuel is costing people in the Houston area
Copyright 2022 by KPRC Click2Houston - All rights reserved.
Drivers brace for months-long I-10 lane closures near downtown Houston ▶ 0:39
Drivers brace for months-long I-10 lane closures near downtown Houston
Inside the hours before a Texas A&M student’s fatal fall from an Austin high-rise apartment ▶ 1:14
Inside the hours before a Texas A&M student’s fatal fall from an Austin high-rise apartment
Inside the hours before a Texas A&M student’s fatal fall from an Austin high-rise apartment ▶ 1:08
Inside the hours before a Texas A&M student’s fatal fall from an Austin high-rise apartment
Ex-NASCAR driver revs up neurodivergent driving training in Houston ▶ 1:31
Ex-NASCAR driver revs up neurodivergent driving training in Houston
Misty, dreary and totally tiny totals today ▶ 1:03
Misty, dreary and totally tiny totals today
'I hear BOOM!': Witness recounts police chase that ends in crash, shooting in Houston ▶ 0:31
'I hear BOOM!': Witness recounts police chase that ends in crash, shooting in Houston
Suspect exchanges gunfire with Houston police during traffic stop ▶ 0:30
Suspect exchanges gunfire with Houston police during traffic stop
December 4th's Super 'Cold' Moon ▶ 1:11
December 4th's Super 'Cold' Moon
Fire rips through Meyerland apartment complex, displacing about 50 residents ▶ 1:13
Fire rips through Meyerland apartment complex, displacing about 50 residents
Houston Headlines: Houston attorney representing parents of A&M student ▶ 1:44
Houston Headlines: Houston attorney representing parents of A&M student
The science behind hail ▶ 0:42
The science behind hail
Recent water bill spikes leave Houston area residents frustrated, confused ▶ 0:57
Recent water bill spikes leave Houston area residents frustrated, confused
Wanted teacher at Aldine ISD taught for 2 years before arrest on child sex assault charges ▶ 1:08
Wanted teacher at Aldine ISD taught for 2 years before arrest on child sex assault charges
Rats run Houston City Hall... at night. Dozens of rodents seen running around after sunset ▶ 1:00
Rats run Houston City Hall... at night. Dozens of rodents seen running around after sunset
Texas A&M student’s death leaves mother seeking answers ▶ 1:45
Texas A&M student’s death leaves mother seeking answers
Mayor Whitmire’s contracted crews start heavy trash clean up in Houston neighborhood ▶ 0:41
Mayor Whitmire’s contracted crews start heavy trash clean up in Houston neighborhood
Rising energy costs hit Houston’s older neighborhoods the hardest ▶ 0:43
Rising energy costs hit Houston’s older neighborhoods the hardest
Wet Weather Tonight Through Friday | Sunny, Gorgeous Weekend Still Ahead for Houston ▶ 1:06
Wet Weather Tonight Through Friday | Sunny, Gorgeous Weekend Still Ahead for Houston
Child mauled after neighbor’s dog barges through front door in northeast Harris County ▶ 1:27
Child mauled after neighbor’s dog barges through front door in northeast Harris County
Top headlines for Wednesday, Dec. 3 ▶ 1:38
Top headlines for Wednesday, Dec. 3
City leaders report rise in accidental child gun deaths ▶ 1:26
City leaders report rise in accidental child gun deaths
Mother of Texas A&M student found dead in Austin questions police account ▶ 0:44
Mother of Texas A&M student found dead in Austin questions police account
Gas prices plunging just like the temperature ▶ 2:01
Gas prices plunging just like the temperature
Sunnyside church hit by thieves, Sunday service canceled ▶ 1:21
Sunnyside church hit by thieves, Sunday service canceled
Houston mayor says trash relief is on the way ▶ 0:48
Houston mayor says trash relief is on the way
Previous photo Next photo