Salem Radio Network News Saturday, December 2, 2023


Rising oil prices are pushing U.S. gas prices higher, helping Russia’s war


( ) -q-25- UNDATED (Correspondent Jeremy House) “means higher prices.”

Oil prices are up, and that affects people far and wide.

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TAG: Correspondent Jeremy House reporting. Some analysts believe oil could hit $100, while others foresee that mediocre growth in major economies like China will keep the lid on prices.

VERBATIM: Drivers pay more for gasoline, and truckers more for diesel. Russia is earning money that it can use to wage its war against Ukraine. Central bankers may see more inflation coming and keep interest rates high. Behind the recent bump in price is Saudi Arabia’s decision to slash how much oil it sends to global markets through the end of the year. Russia also is cutting back. And less supply means higher prices.

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