New Yorkers could be about to feel more pain at the pump, with gas prices set to change due to a worldwide cut in oil production announced earlier this week.
set to go up as OPEC announces its plan to cut oil production by 2 million barrels a day.
"OPEC’s decision is likely to boost gas prices by 10 to 30 cents a gallon as well as diesel prices, jet fuel and everything derived from crude oil,""OPEC’s decision is likely to boost gas prices by 10 to 30 cents a gallon as well as diesel prices, jet fuel and everything derived from crude oil," he said. "OPEC is saying it’s doing this because of recession concerns that will slow down consumption.
According to AAA, the average price of a gallon of regular gas this week was $3.83, up five cents from last week and the first time prices have gone up in more than three months.