Top WH energy adviser’s prediction comes back to haunt as gas, oil prices skyrocket | Fox News

At the time of his comments, the West Texas Intermediate (WTI) index, the U.S. oil benchmark, hovered at around $71 per barrel, according to market data. And data tracked by the Energy Information Administration shows the average price of gasoline nationwide was $3.53 a gallon at the time.

However, in the months since Hochstein predicted prices would stay low, the price of both oil and gasoline has surged, causing inflation broadly to tick up again. On Wednesday, oil prices hit $89 per barrel, up more than 25%, and gas prices have increased 9% to an average of $3.85 per gallon. 

via www.foxnews.com

I can’t imagine Hochstein is losing any sleep over his ridiculous prediction.