Gazprom head predicts $250 oil

Alexey Miller, head of Russia’s nationalized gas giant, predicted oil prices would hit that mark “in the foreseeable future.”

Milley made his comments before the European Business Congress in Brussels.

He warned that the world was experiencing a fundamental shift in energy prices that will end at a “radically new level. We expect that the oil price will approach $250 per barrel in the foreseeable future.”

Here in the U.S., the home of cheap driving, we’re talking around $10 gasoline if oil gets to that price.