OREANDA-NEWS  The decision of Russia and other major oil exporters, members of OPEC+, to reduce production of raw materials by the end of the year threatens the United States with rising inflation and gasoline prices. This is reported by the Associated Press.

According to the author of the material, such prospects are fraught with further aggravation of Washington's relations with Riyadh. In addition, this decision may contribute to filling the Russian budget.

Kevin Book, managing director of the analytical company Clearview Energy Partners, admitted that a reduction in production could lead to an increase in gasoline prices in the United States by 26 cents per gallon. So, the cost of gasoline in the country by the summer can reach four dollars per gallon.

Earlier, Russian Deputy Prime Minister Alexander Novak said that Russia and other major oil exporters decided to extend the reduction in oil production. Saudi Arabia has decided to reduce production from May to the end of the year by 500 thousand barrels per day. The UAE will also reduce production by 144 thousand barrels per day.