If it wasn’t hard enough to keep your little orange needle lookin overdosed on Viagra, the US Energy Information Administration has delivered another downer. Just in time for the holidays, the agency reports that consumers should prepare to see prices at the pump increase by another 20 cents (give or take) in the coming weeks.
OPEC member states will meet in December to figure out what the next strategic oil moves will be, but haven’t given the feds any indication of what that might be. If production isn’t increased soon, expect the high prices to last at least through Spring, probably setting records along the way.
Grandma better not forget to make the pie again this year- cause the Thanksgiving drive is gonna be brutal!