Since Russia invaded Ukraine, there has been a strain on global oil supply because many countries have boycotted Russian oil and have had to look elsewhere for their crude oil.
With the global economic and oil uncertainty, organizations like OPEC have decided to cut back their oil production.
OPEC has decided to decrease their production by about two million barrels a day starting November 1 and unfortunately, it’s the opposite of what we need.Three days ago in Alabama, our state average was $3.19 a gallon. On Friday, we are at $3.32 a gallon and that will only continue to increase. With supply and demand forever changing, it’s hard to know right now how much of an increase we will see.
If other oil producing countries start to increase their supply, that would help offset OPEC’s cut back, but in the meantime, here are some tips to conserve gas and money.“Make a conscious effort to buy the lowest priced gas you can find, even if it’s unbranded gas. That creates competition to the marketplace and drive prices downward,” Ingram said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Xi Jinping ties China's fate to Vladimir Putin's Russia for goodBig questions remain about how China's president would respond if Russia uses nuclear weapons in Ukraine.
Leer más »
Biden Did Not Threaten to Sabotage Nord Stream Pipelines as Russian Disinfo ClaimsClaims of sabotage on the Nord Stream natural gas pipelines from Russia to Germany touched off speculation about the perpetrator. Russia cast suspicion on the United States. Here ids our FactCheck :
Leer más »
Nobel Peace Prize awarded to activists from Belarus, Russia, UkraineHuman rights activists from Ukraine, Belarus and Russia won the Nobel Peace Prize on Friday, a strong rebuke to Russian President Vladimir Putin, whose invasion of Ukraine has outraged the international community.
Leer más »
Nobel Peace Prize awarded to activists from Belarus, Russia and UkraineHuman rights activists from Ukraine, Belarus and Russia were awarded the Nobel Peace Prize on Friday, a strong rebuke to Russian President Vladimir Putin, whose invasion of Ukraine ruptured decades of nearly uninterrupted peace in Europe.
Leer más »
Elon Musk, Lindsey Graham feud over US handling of Ukraine-Russia War, referendum electionsElon Musk and Senator Lindsey Graham feuded on social media over how the United States should handle the ongoing Russia-Ukraine War. Musk offered a solution Graham called 'dumb.'
Leer más »