PARIS, April 7 (UPI) -- The steady rise in the price of oil hasn't influenced the demand for fossil fuels, an Iraqi energy minister said at a conference in Paris.
Oil and gasoline prices are at two-year highs on the heels of unrest in the Middle East. Oil prices are up more than 4 percent since the beginning of March and gasoline prices are at $4 per gallon in the United States and $10 per gallon in some European markets.