Irish Examiner view: We do not want to see the return of queues at forecourts

Capping petrol and diesel prices will not work and could lead to a shortage of supply, with resulting queues.

Minister Michael McGrath is correct when he says that capping petrol and diesel prices will not work and could lead to a shortage of supply, with resulting queues.

Motorists with long memories will recall the fuel shortages of the 1970s when there were constant queues at forecourts and drivers were limited to the amount they could buy.

The Opec countries, given their virtual monopoly of oil production at the time, could bring the western economies to their knees by cutting off vital supplies.