Gas prices nearing $4 a gallon rekindle fears of inflation rebound

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US gas prices surged to $3.96 a gallon earlier on Monday.

(Photo by FREDERIC J. BROWN/AFP via Getty Images)

US gas prices are surging to their highest level since October 2022 – and economists are warning of an inflation 'smile'

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US gas prices
US gas prices have fallen sharply since June.

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'Shark Tank' investor Kevin O'Leary wants to lower gas prices by building a $14 billion oil refinery

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"Shark Tank"/ABC

Brace for oil prices to spike toward $100 a barrel with OPEC's cuts set to squeeze supply in time for driving season, energy analyst says

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Saudi Arabia's energy minister Prince Abdulaziz bin Salman says OPEC+ could slash output further.

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Brace for a 'bump at the pump' as OPEC's surprise output cut could send gas prices above $4 a gallon, say analysts

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Gas pump
US gas prices could hit $4 a gallon thanks to OPEC+'s surprise crude cuts.

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Gas prices are primed to rise in a few weeks, but American drivers won't be hit with record costs again this summer, GasBuddy says

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US gas prices
US gas prices have fallen sharply since June.

JOSEPH PREZIOSO/Getty Images

Skyrocketing natural gas prices should be investigated for market manipulation, California Governor Gavin Newsom says

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Gavin Newsom

Associated Press

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