Gas prices could soar even though OPEC is going to start pumping out a lot more oil

July 11, 2018

Joe Raedle/Getty Images OPEC raised production levels, but oil prices are still rising.  Gas prices could rise as a result. Nearly everyone expected the OPEC+ decision to start raising oil production on Friday, with U.S. drivers excited to get some relief from high gas prices at the start of driving season. While OPEC did indeed announce the expected decision, oil prices jumped and they look unlikely to trend downward any…

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