Spider-Man # 48
- Series: Spider-Man
- Issue: 48
- Publisher: Marvel
- Published Date: July 1994
- Cover: Tom Lyle
- Writers: Howard Mackie
- Pencil: Tom Lyle
- Ink: Tom Lyle, Scott Hanna
- Appearances: Hobgoblin, Demogoblin, Spider-Man
"Demons of Our Past (Beware the Rage of a Desperate Man!, Chapter 3)"
Hobgoblin returns to the United States with new powers and confronts the Demogoblin.
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