2021-11-05 High Gas Prices Blamed On OPEC, Russia

Higher gasoline prices blamed on OPEC & Russia. The higher gas prices are incentives for drivers to change to EVs. Instead of hundreds more, they could be saving hundreds in fuel costs.

https://www.politifact.com/article/2021/nov/04/why-are-oil-prices-so-high-and-what-can-be-done-ab/

<< “Higher prices at the pump matter,” Finley said. By his calculations, he said, just this year’s increases are costing each American household an additional $1,000.

So how do Russia and OPEC play into this? Together, they account for just over half of global production, so experts agree that they can do the most to increase supply, which would result in lower prices at the pump. >>

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