What oil production cuts mean for gas prices ahead of summer travel

In the wake of OPEC’s decision to cut oil production, ABC News business reporter Alexis Christoforous discusses what those cuts could mean for summer travel, plus Apple’s expected launch of a VR headset, a new MacBook and more. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch more at http://abcnews.go. com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #news #oil #travel #abcnews #apple #macbook #vr

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  1. Cut oil production during summer normal price hike due to more demand. Considerate of Saudi Arabia and friends. Believe the maintenence parts and ammunition for those hi tech fighter jets and all other military equipment America sold to Saudi Arabia has increased 100 fold. They will be able to afford it.

  2. It means that Biden ass-f**ked us again and that it's time for him to again empty our strategic oil reserves and suck Saudi c**k as we suffer.

  3. Million barrels a day isnt that much…stop trying to scare people

  4. Go protest outside the houses of Oil executives.

    Protest the problem NOT the public.

  5. hmm or we could make all American auto makers who received "save us" billions are made to give each American citizen an electric vehicle……then we could pretty much flip off those monsters in the middle east and stop sending them billions a year…..

  6. You peasants don't need to drive. Stay home, eat bugs and be happy.

  7. It means fun and travel only for the wealthy. They don't care for the poor to do an odd/even driving routine like India. We have a caste system here by cowards who are much dumber than us and heartless but we allow it.

  8. It is amazing that there is always a reason to increase gas prices for summer. I'm 62 it has always went up for some reason or another for summer as long as I can remember. I guess that saying , tell them what they want to hear, and then go ahead with business they will buy it.

  9. Fill up today !! Tuesday's are when prices go up

  10. Russia and Nigeria will do their usual thing of over producing anyway. That’s why the last production cut didn’t raise prices much. Little to worry about.

  11. We have 300 years of 1$ gas below our own feet

  12. Prices were half under Trump..guess I just dont give a F that he's a douche when I just want to fill my tank affordably

  13. i just new prices would go up soon as i was going on a trip

  14. Scumbags…Texas itself has the 2nd largest oil reserve on the planet. Right behind Saudi Arabia. Texas has more oil than all the other OPEC nations combined.. why are Americans paying for your politics?

  15. GOP loves when oil and gas prices go up as they make more money. GOP will complain about gas prices while doing nothing about them, as that's their main income stream pre-election.

  16. Biden needs to beg the arabs

  17. If you voted for biden thanks ahole.

  18. This is America, we use our own oil, no Muslim oil lol