Why are gas prices rising? Here's what to know
Oil prices have risen after OPEC+ (that's the big oil alliance including Saudi Arabia and Russia) decided to stop raising production for early 2026.
They're still adding a bit more oil in December, but from January to March, they're hitting pause—mainly due to seasonal demand patterns and because demand usually dips during that time.
OPEC+ is still trying to add back oil cuts
OPEC+ is slowly trying to bring back 1.65 million barrels per day that were cut earlier, but some members offsetting earlier overproduction and others struggling to pump more mean they're not ramping up as fast as planned.
The eight main countries involved still have about 1.2 million barrels per day left to add back, but it's taking longer than expected.
Brent crude prices climbed above $65 a barrel
With less new oil coming in—and inventories already low—Brent crude prices climbed above $65 a barrel, their longest winning streak since September.
Add in US sanctions on Russian oil and recent drone attacks on Black Sea facilities, and it's no surprise things are tense.
OPEC+ will meet again on November 30
OPEC+ will meet again on November 30 to figure out their next steps for early 2026.
Depending on what they decide (and how global tensions play out), we could see even more changes at the pump soon.