Gas prices in the US are starting to rise again and more increases are likely on the way. Last Wednesday, we saw the the biggest one-day hike in nearly four months. Prices increased nearly 3 cents a gallon in AAA’s daily reading on Wednesday to an average of $3.83 a gallon. This comes after OPEC+ said Wednesday it will slash oil production by about 2 million barrels a day. The Biden administration criticized the decision by the group of major oil producers, which includes Saudi Arabia and Russia, calling it “shortsighted” and saying that it will hurt low- and middle-income countries already struggling with elevated energy prices the most.