PUMP PATROL: View cheapest gas prices near you
Experts expect OPEC to make a decision to cut oil production Thursday, limiting supply and sending oil prices higher in an effort to stabilize the market where prices plunged 22 percent in November alone. This would reverse a June decision to pump more oil to prevent a major price spike.
»BIZ BEAT: Gas prices to remain low, but threats still loom
Oil demand has dropped in the winter months as fewer travelers hit the road while supply has increased. Analysts expect gas prices in Dayton to remain in the low- to mid-$2 range for the next couple months, but OPEC’s production cuts could cause a reverse in the dropping prices.
“Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices,” President Donald Trump tweeted today.
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