$5 gas predicted by election day!

$5 gas coming to Houston?



Former Houston oil exec predicts $5 a gallon by end of '12



HOUSTON - A former Houston oil executive predicts drivers could be paying $5 for a gallon of gas by the end of the year, and says politicians in Washington D.C. are to blame.



John Hofmeister is the retired president of Shell Oil. He currently runs the non-profit group Citizens for Affordable Energy.



"It was actually December, 2010, when I predicted $5 gasoline by the end of 2012," said Hofmeister. "And, I said then, 'I hope I'm wrong.' My concern is I won't be wrong."


Read more: http://nation.foxnews.com/gas-prices/2012/01/25/5-gas-predicted-election-day#ixzz1kTqBDba0
 
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