Save the panic for an actual oil crisis

They come with metronomic regularity, these media stories about “soaring” gasoline prices and the causes thereof, news stories that always identify the same two culprits, supply and demand. The stories always give various reasons why supplies are tight — more often, why prices include a risk premium based on fears that supplies might become tight — or why demand is higher than it “should” be, given supposedly high prices.
TimesUnion