WASHINGTON, Dec. 28 (UPI) -- Gasoline rationing and $5 pump prices are predicted by 2012 for consumers if U.S. politicians don't get their act together, a former Shell executive said.
The average price for regular unleaded gasoline for U.S. consumers topped $3 per gallon during the holiday season. John Hofmeister, a former president at Shell Oil, told the Platts news service that energy shortages and record-high gasoline prices were on the horizon because of high demand and ineffective governing.