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What’s Behind Rising Gasoline Prices?

By Daniel Yergin

Published: 3/23/2012

Rising Gasoline Prices: The Market Weighs the Risk

Global oil prices and US gasoline prices have both risen about 20% since mid-December. In this Opinion column, published March 16, 2012, in the The Wall Street Journal, Daniel Yergin, IHS CERA Chairman, looks at the politics and economics driving the upward trend. Unlike in 2008, when prices rose with the surge in oil consumption in emerging markets, disruptions, and a belief that the world was running short of oil (the so...

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