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Old 12-29-2010, 08:34 AM   #11
TheMercenary
“Hypocrisy: prejudice with a halo”
 
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
Quote:
DENVER -- Brace yourself for higher gas prices.

The former president of Shell Oil announced Tuesday that gas prices are expected to rise to above five dollars a gallon by the year 2012. The reason is that the price of oil is expected to double by that time.

Oil industry analysts say prices have been rising nationwide for weeks and are already at more than $3 per gallon in many cities.

AAA reports that right now, the average gallon of gas in the metro area is at $2.75. Last week it was $2.69, and a year ago a gallon was $2.37.

The oil price information agency estimates that drivers will spend $305 dollars on gas this month. Prices are up nearly 14% from last year.
http://www.kdvr.com/news/kdvr-expert...,2961849.story
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