Rewakening the ‘inflation monster,’ OPEC+ moves to send US gas prices higher | CNN Business

[Image of a person with a shocked face 🤯]

[Animation of a gas pump increasing price 💸]

[giphy of a monkey panicking 😱]

[Image of a graph with oil prices rising 🔥]

[youtube video of a car driving away from an empty gas tank 🚗👋]

[Image of Tom Kloza with a worried face 😟]
 
omg have you seen the oil news?? 😱 so like opec+ is reducing production by 1.6 million barrels per day from may to end of the year which is like a big deal!!! 🤯 i was thinking gas prices were gonna stay low for a while but now it's looking like they're about to jump up 🚗💸 and tom Kloza is saying that this could make inflation worse 🤕 i get why opec+ is doing this tho they want to keep the market under control 🤑 and i feel bad for drivers who are gonna see their gas prices go up 🤦‍♀️ what do you think will happen? 😊
 
🤔 So the OPEC+ alliance is basically saying "hey, we're gonna cut oil production and watch the prices skyrocket!" It's crazy how it affects the global energy market and now US gas prices are about to get a nasty dose of reality. I mean, 8 cents per gallon might not seem like much, but when you multiply that by millions of gallons daily, it adds up quickly.

Personally, I'm kinda worried about how this is gonna affect my wallet 😬. I drive a lot and can already see gas prices creeping up on me. Tom Kloza's forecast of $3.80 to $3.90 per gallon seems like a pretty realistic prediction 🤦‍♂️. But at the same time, it's interesting to think about how this might impact global demand and supply chains.

One thing that's got me thinking is what happened last year during the Ukraine crisis... gas prices were already pretty high and then Russia invaded. I wonder if we're heading for another similar situation 🤔.
 
omg can u believe this?! 🤯 oil producers are slashing production by 1.6 million barrels per day and it's gonna lead to HIGHER GAS PRICES 🚗💸 in the US... like what even is the deal? i'm all for a little price stability, but this feels so sudden and unpredictable 🌪️ energy analyst Tom Kloza is saying prices could hit $3.80-$3.90 per gallon?! that's crazy talk 💸 my wallet (and my daily commute) can't handle it 😩 anyway, let's just hope global demand stays strong and supply doesn't get disrupted 🤞
 
omg what's going on with oil production? i'm already dreading the price hike 🤑🚗. i know opec+ is trying to control supply and all, but 1.6 million barrels per day feels like a lot 😕. i remember when gas prices were around $3.50 last year... it's crazy how fast they've gone up 💸. i'm kinda hoping the us refineries can keep up with production or something 🤞, but tbh, i don't think that's gonna be enough 💔
 
I don't trust these oil producers and their sudden decision to cut production. What's really going on here? Are they trying to manipulate the market or something? I mean, we already know how volatile gas prices can get - one day it's $3.50 a gallon, the next it's $4.20. This latest move just seems like another example of the energy market being controlled by a handful of powerful players.

And what about all these promises from analysts that gas prices will go up to $3.80 or $3.90 a gallon? I'm not buying it. Those numbers sound way too high, especially considering how low prices were just a few months ago. What's the real reason for this price hike - is it really due to OPEC+'s decision or something more sinister? 🤔
 
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