Gas prices shot up 3.6 cents to $3.86 a gallon on average Thursday, the American Automobile Association reported.
It was the biggest one-day hike in nearly four months and more increases may be on the way after a summer of declines.
Gas prices fell for 99-straight days ending Sept. 20 after hitting a record high of a little more than $5.03 a gallon in June. Prices have risen every day since Sept. 20, except for a single day of decline.
Price could continue to rise amid global production cuts.
OPEC+ announced Wednesday that its members would cut production by 2 million barrels a day. Members include major oil producing nations outside the Middle East cartel such as Russia.
Meanwhile, the U.S. has shut down or scaled back production at several facilities. Some 18% of the country’s refining capacity is offline, according to Tom Kloza, global head of energy analysis firm OPIS, which tracks gasoline prices for AAA.
Oil futures (CL=F) rose $0.82 a share, or 0.93%, to $88.58 in afternoon trading Thursday.
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