Sorry Glue, but the fact of the matter is that the increase in demand CAN be offset by an increase in supply.
It is the RELATIVE level of supply vs demand that causes prices to rise and fall.
The laws of supply and demand do NOT say increased demand automatically increases price. It merely puts upward pressure on prices and given a flat supply THEN you would expect prices to increase. This is exactly what is happening. If however, supply was increasing faster than demand, we would expect prices to fall.
We are experiencing increased demand but are not being allowed to increase supply, which is why prices are rising today.
It is almost exclusively the Democrats fault that we are not allowed to increase supply by drilling for the trillions of barrels of oil that we have right here. It is almost entirely due to liberals that we cannot increase our refining capacity.
We are artificially restricting supply in a marketplace of rapidly increasing demand. The price of oil is simply responding to the interference in the markets that the Democrats have foisted on us.