The former head of Shell Oil predicted recently that the price of gas could approach 5 dollars per gallon by the end of 2011. That made headlines, with some already worried about the three dollar national average.
What's pushing it, is the price of crude oil near one hundred dollars per gallon and, according to the former Shell executive anyway, increased demand in Asia. For now anyway we'll deal with a local average between 2.85 and 2.90 while the national average sits over three dollars a gallon. As for the 5 dollar prediction, other experts predict that won't happen until the middle part of the decade.
What's pushing it, is the price of crude oil near one hundred dollars per gallon and, according to the former Shell executive anyway, increased demand in Asia. For now anyway we'll deal with a local average between 2.85 and 2.90 while the national average sits over three dollars a gallon. As for the 5 dollar prediction, other experts predict that won't happen until the middle part of the decade.
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