$12 Gas and Rationing? Possible, Says Expert
$12 Gas and Rationing? Possible, Says Expert
By CNBC.com | 20 May 2008 | 10:45 AM ET
Think $4 a gallon gas is already too much? Then brace yourself, says one expert.
“The prices that we’re paying at the pump today are, I think, going to be ‘the good old days,’ because others who watch this very closely forecast that we’re going to be hitting $12 and $15 a gallon, and then, after that, when world oil production goes into decline, we’re going to talk about rationing,” Robert Hirsch, Management Information Services Senior Energy Advisor, said on CNBC’s “Squawk Box.”
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June 6, 2008 at 3:48 pm
I heard it’ll be $7 a gallon for regular by December 08. So I could see it at 15 a gallon in late 2009 or even higher. It’s the end times.