The Organization of Petroleum Exporting States has the real middle-class economic stimulus check – lower gas prices – in its sights.
With a goal of doubling the per-barrel price of oil – to $70 – the group is considering further output cuts, although some of its members are reportedly fudging on the first round of output cuts.
Meanwhile – despite relatively steady barrel prices in the $30s and $40s and with continued declines in demand – gas has risen 40 cents a gallon in Wichita.
Hmmmmmmmmmmm.