CNN: As much as Americans fret over the rising price of gas, one thing worries them more: the possibility of having to wait in long lines to buy rationed gas.
A CNN/Opinion Research poll released Tuesday shows that 55% of those surveyed are more worried about long lines at gas stations and rationing than about the high prices that drivers have paid in recent months. The poll shows 40% of the respondents are more concerned about the high prices.
While gas rationing is not expected at this time, it was a hallmark of the 1970s- era energy crisis, when drivers lined up outside gas stations and sales of gas were limited to certain days of the week.
However, at that time, gas was in short supply, which is not the case today.
I’ll tell you this, if current politicians repeat the mistake of enacting price controls in order to placate the public and to pander for votes, we will see gas stations run out of gas and the return of rationing.