---
title: Low Gas Prices Expected Until at Least 2017
description: The cost of oil remains low, and OPEC doesn't plan to cut production.
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published: '2015-05-28T22:57:33.000Z'
modified: '2015-05-28T22:57:33.000Z'
section: Economy and Politics
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![Oil 1280X720](https://img.money.com/2015/05/oil-1280x720.jpg)

OPEC's long-term strategy report, shown to Reuters in advance of a June summit, shows the 12-nation cartel thinks no one plans to slow oil production. With the cost of a barrel of oil about half what it was last year, that's good news for drivers who can expect low gas prices until at least 2017.

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