NEW YORK - John Hofmeister, former president of Shell Oil, predicted Americans could be paying $5 for a gallon of gasoline by 2012, in a recent interview with Platts Energy Week television.
Gas & Diesel 35 Cents/Gal Less than June
GAITHERSBURG, MD - Spot prices for gasoline and diesel in key U.S. market are expected to drop more than 35 cents per gallon below June highs in many cases, according to the Oil Price Information Service.
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