Former Shell Executive Predicts High Gas Prices in Coming Years

A former Shell executive is predicting that gas prices could reach the $5 mark by the late 2012, just as Americans are seeing a preview of rising prices throughout the nation. John Hofmeister, the former president of Shell, now the chief executive of a non-profit group called Citizens for Affordable Energy, said he expects the hike by November 2012 mostly because of higher demand for gasoline worldwide -- especially in Asia. Watch "World News with Diane Sawyer" for more on this story tonight...Full Story
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