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re: Get ready for $5-a-gallon gasoline
Posted on 4/9/24 at 10:28 am to LSUDVM1999
Posted on 4/9/24 at 10:28 am to LSUDVM1999
quote:
OPEC and friends want higher prices. Members of the Organization of Petroleum Exporting Countries and the OPEC+ countries are trimming output to push prices higher. They will probably leave production cuts in place when the cartel meets in June.
This is the primary driver - OPEC curtailments, which were first implemented to get the price up from the low $70s.
1
Posted on 4/9/24 at 10:39 am to cwill
you actually think, $70 per barrel is low?
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