Archive | January, 2011

2011 a repeat of 2008? Ex-oil Exec says get ready for $5 gas

3. January 2011

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NPR Reports – Prepare to fork over $5 for a gallon of gasoline by 2012, former Shell Oil president John Hofmeister says. That’s nearly $2 more than the current average price of $3.05 per gallon, according to the Department of Energy. American demand for gasoline has returned to┬ápre-recession levels, while demand from Asian countries has […]

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