OPEC Considers Cutting Production

OPEC oil ministers will meet Tuesday and they're thinking about cutting production.

Monday, September 8th 2008, 8:08 am

By: News On 6


The News On 6 gas gauge Monday morning shows prices are holding steady. In Tulsa, the average price for a gallon of regular unleaded gas is $3.45.

But, that could change thanks to OPEC.

OPEC oil ministers will meet Tuesday and they're thinking about cutting production. That's because the price of oil is off nearly 30% from the high of nearly $150 a barrel in July.

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