Former President of Shell Oil Co John Hofmeister says Americans may be paying $5.00 a gallon for gasoline by 2012
Last week the average price for a gallon of gasoline spiked to more than $3.00 nationally—I’ve been paying much more than that for quite awhile, last week I paid about $3.30 a gallon. Gasoline prices are up 4% from a month ago and 16% from a year ago according to AAA
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