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Former Shell CEO predicts spike to $5 gasoline

from Convenience Store News

U.S. drivers facing a budget crunch due to rising gas prices should be wary, according to former Shell CEO and Citizens for Affordable Energy founder John Hofmeister. He predicts that heavy demand in emerging markets and weak domestic policies will result in a "better than 50-percent chance" that the price of fuel will spike up to $5 per gallon, reported CNBC. more

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