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NEW YORK (CNNMoney.com) -- The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.
In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases
Originally posted by vjr1113
Didn't Obama tell the US car companies to create a 100mpg car by 2012?
$5 A GALLON? wouldn't be a surprise to me.
Fuel Poverty is caused by a convergence of four factors:
* Low income,
* High fuel prices,
* Poor energy efficiency
If I remember correctly, people in the UK pay less for gas if taxes are taken away from the price of said gas.
Originally posted by thoughtsfull
I'm not going to start on the difference in prices between US and UK,