If you missed the NPR feature with former Shell Oil president Jon Hofmeister, then you might not have heard his prediction that we could be facing $5 per gallon gas here in the U.S. The story was also featured on major news outlets like Fox News, CNN and NBC News.
I know, it’s enough to make your eyes glaze over. All of us can still remember how tough it was in 2008, when a gallon of gas hit $4 (at least, it did here in Michigan).
So what’s going to happen if the experts are right, and we really do see $5 per gallon gas?