Californians should expect to see higher prices again this summer as Middle East oil producers cut production, according to industry experts.
The Organization of Petroleum Exporting Countries (OPEC+) announced April 3 the decision by a handful of countries—including Russia and Saudi Arabia—to cut oil production by about 1.4 million barrels a day starting next month.
Rock Zierman, CEO of California Independent Petroleum Association, told The Epoch Times California’s reliance on imported oil makes its gas prices vulnerable to fluctuations in foreign production.
“For decades, state elected leaders have purposely made California dependent on foreign oil at the expense of our residents and workers. And we continue to pay for this decision every time we go to the pump,” he said….
