Oil Prices Are Up, As Is Consumer Demand05:47
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A trader works in the oil options pit at the New York Mercantile Exchange, Wednesday, July 3, 2013. (Richard Drew/AP)
A trader works in the oil options pit at the New York Mercantile Exchange, Wednesday, July 3, 2013. (Richard Drew/AP)

Oil prices are up, U.S.crude oil supplies are down and consumer demand for oil has gone sky high.

Unrest in the Middle East, problems along the pipeline and a strong economy have all contributed.

Refiners of gasoline and heating oil have had their best two weeks of production since the beginning of the financial crisis.

But car owners are going to feel the pinch at the gas pump.

Guest:

This segment aired on July 11, 2013.

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