MSNBC MSNBC Reports June 4, 2024 16:41:00
That people have been very happy to see lately? >> reporter: yeah, chris, good morning. there's a few factors at play here. people when they show up at the pump and they see $3.30, they're surprised. that's not bad. here's the deal, there's a couple things going on. opec+ has agreed to cut 2 million barrels per day, 2% of global demand. it would raise prices. part "b," you have a european ban which would affect how much countries pays for russia oil. if russia chooses to retaliate, that portends higher prices at the pump. >> reporter: it's hard to find a single staple of the american economy t...