Knoxville (WVLT) - OPEC announced Wednesday morning the eleven members of the Oil Cartel have agreed to trim production by one million barrels a day.
The question is, what will this mean for the price you pay to fill up your car?
The national average for a gallon of gas Wednesday is $2.26, which is slightly above the average you're paying in Knoxville, $2.11.
The national average a year ago was $2.87 a gallon.
And the current price for a barrel of oil is $59, in mid-July the price was $78.40.
A formal decision on how the cuts will be divided could come as soon as next week.
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