What OPEC alliance’s oil production cuts could mean for consumers

OPEC announced Wednesday that the group will slash oil production by two million barrels per day, sparking immediate concerns that gas prices will soar after weeks of declining prices. NBC News’ Allie Raffa and head of petroleum analysis at Gas Buddy, Patrick de Haan, explain how the White House is responding to OPEC’s announcement and what it could mean for gas prices around the world.