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Isaac's wake leads to tight gasoline supply, prices remain elevated

GasBuddy Blog -- Issac is long gone, but the impact left behind- the lost production due to outages- is still being felt. Gasoline prices have remained stubbornly high as gasoline stockpiles fell to their lowest since 2008, according to Bloomberg.

Restarts have been slow, gasoline production has remained weak, supporting higher prices. In addition, plant closures in the United Kingdom in the weeks ahead may limit how much gasoline is received along the East Coast, so supply may remain tight for several weeks. To offset that news, however, Monroe Energy, a subsidiary of Delta Airlines, will be starting it's purchased Trainer, PA refinery again, helping boost production along the East Coast.

As of about 72 hours ago, three refineries were...


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Submitted Sep 09, 2012 By: PD
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REPLIES (newest first) Post a Reply
lile07
Sophomore Author Chicago

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Message Posted: Sep 14, 2012 4:07:19 AM

Good idea
prcoqui
Champion Author Maryland

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Message Posted: Sep 12, 2012 4:11:23 AM

No need to rush back when you can just increase gas prices.
99dakota
Champion Author Providence

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Message Posted: Sep 12, 2012 3:53:25 AM

Way too high...
Wanda127
Champion Author Florida

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Points:1,719,940
Joined:May 2010
Message Posted: Sep 10, 2012 9:26:52 PM

What seems strange to me is the workers were back & ready to work right away but the officials would not let them work. This was in the news a week ago.
Mystikal1
Veteran Author Akron

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Points:1,360,865
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Message Posted: Sep 10, 2012 6:24:24 PM

Another poor excuse for stations in my area to raise prices 30 cents within a blink of the eye!
DanMtz
Champion Author Oakland

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Message Posted: Sep 10, 2012 5:58:53 PM

Isaac's disruption is nothing compared to the Chevron refinery fire disruption.
GasFreeLeaf
Champion Author Orange County

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Message Posted: Sep 10, 2012 3:26:50 PM

yes
Donatelo
Champion Author Dayton

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Message Posted: Sep 10, 2012 1:52:48 PM

if it was me , I would freeze prices for at least 3 years at 3$ a gallon. seems fair , as oil companies report record profits every quarter.
joecompute2
Sophomore Author Chicago

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Message Posted: Sep 10, 2012 1:05:09 PM

Wow! Isn't it amazing - the Prez apparently caused several Refinery weather shutdowns, plant closures in the UK. etc, all just to screw KathSip, truck192 et. al. - and just in time for the election. Sure....
ethanol_is_bad
Sophomore Author Boise

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Message Posted: Sep 10, 2012 1:03:57 PM

And somehow the earth keeps turing and sun is still shining.
jhggasman
Champion Author Mississippi

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Message Posted: Sep 10, 2012 1:02:40 PM

yes
MedicKirk1
Champion Author New Hampshire

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Message Posted: Sep 10, 2012 12:59:39 PM

A little bit of the bad with a little bit of the good.
DougtheEconMan
Champion Author Akron

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Message Posted: Sep 10, 2012 12:58:48 PM

KEEP YOUR TANKS FULL! We will NOT see the usual size of price decrease we normally see. There have numerous gasoline refinery problems thoughout the country, since the beginning of summer. Supply/demand condition have been pressed. Also, the Obama dollar will continue to be under pressure, which will tend to increase oil prices.
joecompute2
Sophomore Author Chicago

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Message Posted: Sep 10, 2012 12:58:36 PM

..and as a result, my local Shell station went up 25 cent a gallon at noon today. That Hurricane was really bad up here in Chicagoland, I guess!
KathySipsGas
All-Star Author Columbus

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Message Posted: Sep 10, 2012 12:57:30 PM

Obama's failed energy policys is absolutely killing MY family's finances. I cant see this getting better.
2parrots
Champion Author Massachusetts

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Message Posted: Sep 10, 2012 12:55:42 PM

local prices up 8c to 14c a gallon
Uncle Jim
Sophomore Author Twin Cities

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Message Posted: Sep 10, 2012 12:52:56 PM

The amount of time from well to gas pump has to be weeks or even months. The immediate price jump can only be because of the greed of the monopolistic oil industry!
FedupwithGreed
Champion Author Victoria

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Message Posted: Sep 10, 2012 12:49:13 PM

B.S.
truck193
All-Star Author Michigan

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Message Posted: Sep 10, 2012 12:49:00 PM

up today from $3.78 to $4.09 you go obama now thats hope and change for ya
divebomber
Champion Author Nebraska

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Message Posted: Sep 10, 2012 12:46:37 PM

OLD NEWS!
starfighter08
Champion Author Illinois

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Message Posted: Sep 10, 2012 12:46:02 PM

Katrina gave us $148/Barrel oil and $4.00 gas

Isaac gave us $98/Barrel oil and $4.00 gas...

What's wrong with this picture???

1Casey
Champion Author Albany

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Message Posted: Sep 10, 2012 12:43:40 PM

lies.
kjme4ever
Sophomore Author Lexington

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Message Posted: Sep 10, 2012 12:42:36 PM

woohoo $0.29 increase today to $3.99! Thanks Obama for all your help smh. Oil companies continue to have free rain(sp?) while the economy suffers.
FreeeBee
Veteran Author Atlanta

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Message Posted: Sep 10, 2012 12:37:29 PM

perfect example of lame excuse...
stueyAZ
Sophomore Author Phoenix

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Message Posted: Sep 10, 2012 12:35:47 PM

Aaaaannnnddddd everyone is sick and tired.
biggyhy
Champion Author Milwaukee

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Message Posted: Sep 10, 2012 12:35:01 PM

what else is new Big business just gets bigger and more profitable
eddyp94
Champion Author Ontario

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Message Posted: Sep 10, 2012 12:34:50 PM

Another reason to rip off the working people...
joanne_abrahams
Rookie Author New York

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Message Posted: Sep 10, 2012 12:32:31 PM

ok, so what else is new?
Blackranger
All-Star Author Maine

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Message Posted: Sep 10, 2012 12:32:08 PM

I smell monoploy!
AnObserver
Champion Author New Jersey

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Message Posted: Sep 10, 2012 12:29:28 PM

Same old hurricane story
19sheldon43
Champion Author Los Angeles

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Message Posted: Sep 10, 2012 12:28:00 PM

Gas prices went up in anticipation of Isaac and now they are keeping the price up. Just because they can
WestMadisonGas
All-Star Author Madison

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Message Posted: Sep 10, 2012 12:26:40 PM

what ever to keep the prices up
ItisAJeepThing
Champion Author Tucson

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Joined:Oct 2006
Message Posted: Sep 10, 2012 12:24:44 PM

The last time I purchased gasoline was on 08-09-12. It cost $3.079 per gallon and today it is going for $3.559 per gallon at the same station.

We are NOT anywhere near Hurricane Alley.
dougtaylor1
Champion Author Phoenix

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Message Posted: Sep 10, 2012 12:23:17 PM

Just get back to work.
race2IT
Champion Author Fort Worth

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Message Posted: Sep 10, 2012 12:22:07 PM

They are really full of it. Any excuses to keep the prices high.
kobes1
Champion Author Florida

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Message Posted: Sep 10, 2012 12:19:29 PM

What crap
Billbop
Champion Author St. Louis

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Message Posted: Sep 10, 2012 12:18:03 PM

As my 5th grade teacher said, you got all those excuses but no reason. These are the same folks who tried to shut down 3 east coast refineries because apparently their multi-billion profits aren't multi-billion enough.
LSU_TIGERS_dmb
Champion Author Louisiana

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Message Posted: Sep 10, 2012 12:17:17 PM

Until you live through a hurricane or as some say strong rain please dont talk. I live in south Lousiana and this was more than rain. One daughter lives in mobile and got 70+ MPH winds and many many inches of rain.

You close down just in case since not sure what will happen. If someone would have stayed open and had people die then you would have said, they should have closed but GREED keep them open.

With this said, do beleive that oil companies keep oil high to make money and it is about making money or greed.

BUT STOP judging until you live though one. Was on the MS coast for Katrina and back in Lake Charles, LA for Rita. It was the worst thing in my 50+ years in life for both of them..

PrepHermit
Champion Author New Jersey

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Message Posted: Sep 10, 2012 12:13:18 PM

Complete and total insanity.
btex49
Champion Author Austin

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Message Posted: Sep 10, 2012 12:13:04 PM

Of course, production is down, as it is after any big storm in oil producing and refining states.
JCUBE
Champion Author Michigan

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Message Posted: Sep 10, 2012 12:11:47 PM

The filfthy slimeballs at Speedway/Marathon just jacked up prices here to 4.09/gal..a .26/gal increase, for what reason but their greed, and to stick it to the public and there's no collusion? Come on Schutte (Mi AG) get your head out of the clouds.
RedskinGas
Champion Author Tennessee

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Message Posted: Sep 10, 2012 12:10:51 PM

Any excuse to keep the price high.
DrLyon
Champion Author Michigan

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Message Posted: Sep 10, 2012 12:09:51 PM

Good excuse to keep the price high...
oldiesman
Champion Author New York

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Message Posted: Sep 10, 2012 12:08:33 PM

Of course thanks to Obama and no drilling?
BummerMan
Champion Author Dallas

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Message Posted: Sep 10, 2012 12:07:47 PM

Lack of supply
ramshot412
Champion Author Riverside

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Message Posted: Sep 10, 2012 12:07:08 PM

GREED!!!
smenzel
Champion Author Seattle

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Joined:Mar 2007
Message Posted: Sep 10, 2012 12:03:32 PM

Ugh
19sheldon43
Champion Author Los Angeles

Posts:3,979
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Joined:Jul 2009
Message Posted: Sep 10, 2012 12:02:43 PM

As far as hurricanes go this was just a heavy rain. This just proves that
someone (refineries) is taking advantage of us
Taurus1
Champion Author Ohio

Posts:5,857
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Message Posted: Sep 10, 2012 12:02:03 PM

It's the "blame game"!
cnflash
Rookie Author Tulsa

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Joined:Jan 2006
Message Posted: Sep 10, 2012 12:00:48 PM

Greedy bastards
Taurus1
Champion Author Ohio

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Joined:Apr 2006
Message Posted: Sep 10, 2012 11:59:29 AM

just another excuse
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