Gasoline could hit $7 a gallon in four years: CIBC
MarketWatch.com
02 Maggio 2008
Crude predicted to top $200 by 2012 on tight supplies, pushing gas higher
SAN FRANCISCO - Surging crude prices, which could surpass $200 a barrel in four years on tight supplies, could push gasoline prices to as high as $7 a gallon, CIBC World Markets analysts said Thursday.
Crude supplies are actually lower than some official estimates indicate, while demand is unlikely to fall anytime soon, according to a statement by analysts led by Jeff Rubin at CIBC, an investment bank. They forecast that these tighter supplies and continued strong demand will drive oil and gasoline prices to roughly double their current …
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