Houston Matters

Cuts in Saudi oil production could lead to higher gas prices for Houstonians

How the surprise announcement from Saudi Arabia and other oil-producers in the Middle East could affect us here in Houston.

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Gas prices could rise amid an upcoming drop in oil production from the Middle East

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Oil prices around the world jumped earlier this week after Saudi Arabia and other oil-producing countries announced they would begin cutting production next month.

While this is good news for U.S. oil production, it means consumers are likely to see their prices at the pump rise as we head into the summer.

Loren Steffy is managing director for 30 Point Strategies and a writer-at-large for Texas Monthly. In the audio above he tells Houston Matters how this announcement could affect consumers and Houston’s overall economy.

Joshua Zinn

Joshua Zinn

Producer, Houston Matters

Joshua is a producer for Houston Matters on News 88.7 as well as the host of Encore Houston on Houston Public Media Classical. He joined Houston Public Media as a radio intern in 2014 and became a full-time announcer the following year. Now he prepares segments and occasionally records interviews...

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