AAA: Gas prices up seven cents due to OPEC production cuts

You've probably noticed higher prices at the gas pump recently.

COLUMBIA, S.C. (WOLO)—You’ve probably noticed higher prices at the gas pump recently.

According to AAA, the average price for a gallon of gas rose seven cents last week to $3.55. Part of that is due to OPEC.

The cartel surprised investors last weekend when it announced it was planning to cut production by over a million barrels per day.

That hasn’t happened yet and is due to start in a month.

But it still sent the price of crude oil up.