Los Angeles, CaliforniaSept. 26, 2022 Gas prices are going up in Southern California on Sept. 26, 2022. A man fills his truck in Torrance, CA.
He said he normally pays $70 to fill up, but today its $130 on Sept. 26, 2022. (Carolyn Cole / Los Angeles A surprise production cut by OPEC members is expected to pump up gasoline prices just ahead of the busy summer driving season.
Phil Flynn, a senior analyst at Price Futures Group and FOX Business contributor, said the cuts of up to 1.15 million barrels per day could cause gas prices to rise by at least 26 cents.
As of Monday, regular gasoline averaged roughly $3.50, according to AAA. If Flynn's prediction holds, it could mean gasoline prices will climb above $4 per gallon as summer nears.U.S.