$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.”



One Response to “$12 Gas and Rationing? Possible, Says Expert”

  1. brittany Says:

    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.

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