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Oil Prices Are Up, As Is Consumer Demand
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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:
- Phil Flynn, senior energy analyst with the Price Futures Group in Chicago and a Fox Business Network contributor.
This segment aired on July 11, 2013.