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31 December, 2010

Former Prez of Shell Oil Sees $5 Gasoline by 2012

$5 for a gallon of gasoline in 2012 - Dec. 27, 2010: "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..."

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