Money Why are gas prices going up? More pain at the pump as OPEC cuts oil production by 2 million barrels October 5, 2022October 6, 2022Jessica Guynn, USA TODAYComments Off on Why are gas prices going up? More pain at the pump as OPEC cuts oil production by 2 million barrels OPEC said Wednesday it will cut oil production by 2 million barrels a day, a move that will likely raise prices at the pump.