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US pump prices hit record as OPEC+ producers gather
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FILE - The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to send to the world economy as U.S. gas prices hit another record high.  Thursday’s meeting comes amid speculation that the 23-member alliance, known as OPEC+, may considered breaking from its cautious series of increases and agree to pump more oil amid fears that high energy prices could slow the global economy. - photo by AP Photo/Lisa Leutner, File
LONDON (AP) — The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to produce as U.S. gasoline prices hit another record high. Thursday's meeting comes amid speculation that the 23-member alliance, known as OPEC+, may consider breaking from its cautious series of increases and agree to pump more oil starting in July amid fears that high energy prices could slow the global economy. Higher oil and gas prices have contributed to the inflation that is plaguing the U.S. and Europe and sapping consumer purchasing power.