Archive for gas rationing
Major China cities hit by diesel fuel rationing
By Chen Aizhu and Jim Bai
BEIJING, May 29 (Reuters) – Petrol stations in at least three major Chinese coastal cities were rationing diesel on Thursday, drivers said, causing long queues of trucks and reviving the spectre of bigger fuel shortages that could stir discontent.
The shortages have worsened since last week, when stations in at least five provinces ran out of stock before the day ended, but have not yet reached the fever pitch of last October.
$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.”