"This at least balances the mayhem that the Americans are causing," Kremlin spokesman Dmitry Peskov said of the OPEC+ production cuts, per media reports.
But it s really expensive to drive anywhere, or even to buy or rent a car.
Used car and truck prices rocketed 10% higher in April as a supply shortage gripped the market, the Bureau of Labor Statistics said Wednesday. The jump marked the largest one-month increase since data collection began in 1953. It also contributed to about a third of the 0.8% jump in broad inflation last month. Used cars and trucks have been in high demand as rental car companies attempt to rebuild fleets they sold off during the onset of the pandemic and computer chip shortages have slowed auto production, David Kelly, chief global strategist at JPMorgan Asset Management, said in a note.