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Gasoline Could Hit $7 a Gallon in Four Years

Business  (tags: economy, oil, gasoline, international energy agency )

- 4097 days ago -
Despite the recent record jump in oil prices, oil prices will continue to rise steadily over the next five years."


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Joycey B (750)
Sunday April 27, 2008, 2:43 pm
I really hope not. Thanks Jan.

. (0)
Sunday April 27, 2008, 6:33 pm
Letís hope that before that happens, Japan and Detroit start building cars that run on hydrogen. The real problem is going to be converting the electrical power grid to an alternative energy source other than coal or nuclear.

Eric Straatsma (3802)
Sunday April 27, 2008, 9:13 pm
I think it could go up much faster than that... which will cause huge suffering, but also quick changes, compared to doing almost nothing right now.

It is pretty sad when the chief salesperson for the oil companies says the US is addicted to oil... and he is not kidding.

What will it take to break this addiction? I think the only way out is higher prices for oil, much higher...

Carl Nielsen (7)
Monday April 28, 2008, 2:26 am
The current price in Denmark is more than $7 per Gallon (11 Danish crowns per litre), so please stop whining.

Daniel Barker (35)
Monday April 28, 2008, 2:48 pm
Yes, received letter yesterday. Then I contacted everyone not to worry.

About nine year ago went to Southern Utah on a trip to Canyonlands. Shared a campgroud on Indian Creek with a retired chemistry professor.

He told me gasoline can never exceed five dollars a gallon. Florida is composed of limestone, which, when dissolved in water, creates hydrogen and a weak acid, which can be turned into gasoline for five dollars a gallon.

Subsequently was told by an individual he heard the same on NPR.
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