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, 2022 Jessica Guynn, USA TODAY Comments 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.