- Feb 10, 2005
- Reaction score
- Montgomery, Al
Gasoline prices are headed for $5 a gallon in many locations in the United States this year, says John Hofmeister, founder of Citizens for Affordable Energy and the former CEO of Shell Oil’s U.S. operations.
Global demand will rise and pressure supply, while U.S. politicians aren't doing anything to ease prices at home such as allowing for significantly more drilling.