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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.
Read More →Goldman Sachs was the first to forecast a $100-plus-per-barrel crude oil price when the bank issued a research report last November, which called for a $110-per-barrel average price for West Texas Intermediate (WTI) crude in 2011. Morgan Stanley released a similar report in January and targets $95-per-barrel of WTI futures by December 2010, with an average price of $100 per barrel in 2011.
Read More →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.
Read More →GAITHERSBURG, MD - Crude oil closed within a few dollars of its 2009 high, but gasoline and heating oil are some 5-8 percent or so below top levels witnessed earlier in the month, according to the Oil Price Information Service.
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