Oil Prices Rise | VideoJennifer Joas | 1/2/2013
But a Bismarck investor says the price likely won`t reach $100, unless there`s trouble overseas.
"To go above a hundred is going to take some kind of trouble over in the Middle East, and of course we have Israel and Iran, it seem like they hot up again every six weeks. So we`ll see. That would require some action over there to get us over $100," said Eugene Graner with Heartland Investor Services.
Graner says if Washington can`t increase spending cuts and raise the debt ceiling, the value of the U.S. dollar will tumble, which will lead to higher gas prices.