Oil cuts could push gas prices back up

OPEC+ , the coalition of oil-producing nations led by Russia and Saudi Arabia, announced yesterday its planning to cut oil production by 2 million barrels per day, starting in November. This has the potential to push up gas prices in the US and around the world.

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Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Lydia McMullen-Laird, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

Go Deeper:

• What OPEC's 2 million-barrel cut could mean for U.S. gas prices
• Most electric car buyers don't switch back to gas