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Fair Warning: Shell Oil Says $5 a Gallon for Gas by 2012

January 3, 2011

Fair warning: Shell Oil President, John Hofmeister said yesterday that gas will reach $5 per gallon by 2012 in the United States. That should be a significant sign that we all need to engage or invest in alternative transportation, electric cars or carts, mopeds, bicycles, etc., sooner than later. We have one year and we gotta get with it as this price increase will impact manufacturing of goods which will drive prices up on other things. If we can save on gas expenses, we can hedge against the increase in prices on other items.

Full NPR story, click here

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