President Joe Biden is set to visit Saudi Arabia later this week, on a trip he says is intended to shore up global supply chains and encourage diplomacy and cooperation.
But the question many are asking is: What could it mean for gas prices?
That’s because Saudi Arabia has the second-largest oil reserves in the world — and the U.S. has made it clear it wants all the Persian Gulf's oil states to boost their output. The conventional wisdom is that more oil produced means cheaper gas at the pump.
The reality is more complicated.
Read more: Biden's Saudi trip won't help gas prices
