Most people don't even notice it when they fill their tanks. The talk of another possible OPEC cut is making people nervous, but right now our gas supplies are in surplus and the winter season has been mild so oil heating fuel is not in as much demand as it would be if the weather were very cold.
If we were having an unseasonably cold winter season it would drive the demand and the price of oil products up. Since it has not been one, we will see people traveling more for the Thanksgiving Holiday, and spending more for the December Holidays.
As for OPEC there are no guarantees they will cut the oil production again because in the past when they have said they were going to make cuts they did not follow through with their plans. So we should enjoy the mild weather and the low gas prices while we can and finish up our holiday shopping before mid December when we will hear what OPEC has decided to do.
