$4 gas could be coming — again | CNN Business
Featured Fear & Greed Index Latest Here’s the bad news first: Gas prices are on the rise in most of the US and could soon hit a national average of $4 a gallon for the first time in two months. But the good news is prices might not stay there long, as they’re already falling in the parts of the country where prices are the highest. The national average price Monday was $3.92 for a gallon of regular gas. That’s up 12 cents in just the last week and 24 cents since a 98-day price slide ended late last month. Part of that spike followed last week’s decision by OPEC+ to cut production by 2 million barrels a day in an effort to lift prices. In the US in particular the high prices are in large part caused by reduced refining capacity. Several West Coast refineries have been offline because of accidents or maintenance. Nearly 18% of the nation’s refining capacity was offline at the time the OPEC cut was announced, Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices for 
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### Response: Featured Fear & Greed Index Latest Here’s the bad news first: Gas prices are on the rise in most of the US and could soon hit a national average of $4 a gallon for the first time in two months. But the good news is prices might not stay there long, as they’re already falling in the parts of the country where prices are the highest. The national average price Monday was $3.92 for a gallon of regular gas. That’s up 12 cents in just the last week and 24 cents since a 98-day price slide ended late last month. Part of that spike followed last week’s decision by OPEC+ to cut production by 2 million barrels a day in an effort to lift prices. In the US in particular the high prices are in large part caused by reduced refining capacity. Several West Coast refineries have been offline because of accidents or maintenance. Nearly 18% of the nation’s refining capacity was offline at the time the OPEC cut was announced, Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices for 