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Why gas prices are going back up after nearly 100 days of declines

For one thing, you can blame a planned production cut OPEC+ announced last week.

Gas pump stock image (Pixabay)

It was the longest losing streak for gasoline prices since the early months of the pandemic: For 98-consecutive days this summer, American drivers experienced declining gas prices thanks in part to a slower worldwide demand for oil.

Now, a cut in oil production signaled by the OPEC+ group last week has sent global crude prices higher, pushing prices back up at the pump.

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According to AAA, the national average price of a gallon of gas climbed to $3.92 on Monday.

Read more here from NBCNews.com.

RELATED: Gas prices at the pump: This is what fuel is costing people in the Houston area


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