Why We Could See $5 Gasoline by 2012

Posted by Ian Cooper - Tuesday, December 28th, 2010

From CNNMoney.com:

"Tom Kloza, chief oil analyst with Oil Price Information Service says Americans will see gasoline prices hit the $5 a gallon mark in the next decade, but not by 2012.

"That wolf is out there and it's going to be at the door...I agree with him that we'll see those numbers at some point this decade but not yet." Kloza said.

"The demand is still sluggish enough in some of the mature economies."

Read more here.

 


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