He projects that areas in the West Coast and Great Lakes were prices had already exploded will see declines, while he expects prices to rise in the South, Southeast, East Coast and New England. gas prices by roughly 15-30 cents per gallon on average. Patrick De Haan, analyst at GasBuddy, said Wednesday he expects OPEC’s decision to boost U.S. Other swing states such as Nevada and Arizona have also seen prices jump, along with Ohio, where a BP refinery explosion last month killed two workers and shut down the plant. In California, a state that’s expected to have a number of competitive House races, prices have spiked more than $2 per gallon above the national average to the highest level ever in the state, providing Republicans there with a potent line of attack. ![]() So far, the recent rebound in pump prices has been centered on the West Coast, where six oil refineries in California and Washington reduced output because of maintenance. “At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices,” the press release stated. The administration said it would also work with Congress “on additional tools and authorities to reduce OPEC’s control over energy prices,” White House national security adviser Jake Sullivan and National Economic Council Director Brian Deese said in a press release after the cartel announced the cut. The White House said it would release 10 million barrels of oil from the Strategic Petroleum Reserve, in line with the schedule it announced earlier this year to offset the impact Russia’s invasion of Ukraine was having on markets. “I am concerned, it is unnecessary,” Biden told reporters as he departed the White House Wednesday morning. President Joe Biden, who earlier this year urged OPEC nations and their allies in to keep oil flowing, criticized OPEC’s move. Those supplies will continue to flow out federal storage facilities through November, but they will pale with the potential drop in OPEC supplies. ![]() The White House has touted its tapping of the nation’s Strategic Petroleum Reserve as driving that drop, crediting the release of more than 171 million barrels so far this year for cooling off the market. Average gasoline prices sat at $3.83 per gallon on Wednesday, nearly seven cents higher than a week ago, but well below the record high $5.01 per gallon average national price reached in June.
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