Oil Prices Are Rising Despite Lowest Demand Since 1997

Oil Prices Are Rising Despite Lowest Demand Since 1997: pOil is once again trading above $100 per barrel, bringing with it estimates that U.S. gas will cost more than $4 per gallon by May, if not sooner. The Obama administration is already bracing for higher gas prices and the political cost that they could exact. But it isn’t increasing demand for oil that is [...]/p