Gas in short supply in China

America isn't the only nation that is having to deal with tight gasoline supplies. Even so, we have not experienced widespread or long-lived shortages. That is not the case in China, for reasons that should be very clear, even to Troy King.

China, especially in the south, has experienced oil shortages in recent months, partly because of the [National Development and Reform Commission’s] price controls. The local oil majors all but stopped selling imported crude because of the huge losses they were incurring.