Rise in global oil demand is weaker than before

[centsgirl]

Global oil demand is expected to rise a little less than previously expected in this year, the International Energy Agency said Wednesday, as it cut its forecasts by a daily 220,000 barrels, to 86.4 million barrels a day.

The Paris based agency said the change is based on new forecasts of a rising economic growth resulting in more oil demand tempered by expectations of higher oil prices, which would dampen appetite for crude and its products.

So what is all this saying for what I will pay at the pump? It is jumping up, and down like a yo-yo here right now, it just dropped yesterday a little bit, but for how long this time?