According to the latest Lundberg Survey of cities in the continental United States, gasoline prices have risen 82 cents since September 2010. Ouch! That is a more than 25 percent increase over a six month period. So what is driving this dramatic increase? Unlike the 2005 crisis, which was driven by damages from Hurricane […]
$5 a Gallon of Gasoline on the Way According to Former Shell Oil Executive
As if filling your car at the gas station isn’t bad enough at $3 per gallon, the former president of Shell Oil, John Hofmeister now with Citizens for Affordable Energy, says in this CBS report that Americans could be paying $5 for a gallon of gasoline by 2012. Unfortunately, he is not alone, some analysts […]