UAE quits OPEC as US gas averages $4.19 a gallon
UAE to leave OPEC and OPEC+ on May 1, a move that could raise global supply as U.S. average gas price hits $4.19 per gallon.
The United Arab Emirates announced Tuesday it will leave OPEC and the broader OPEC+ alliance effective May 1, a historic break from the oil producers' cartel. The departure could eventually increase global oil supply and help ease prices, while the nationwide U.S. average for gasoline reached $4.19 per gallon.