Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:37 PM

GasBuddy News Article

29
votes
East Coast May Get Hit with Gas Shortage, Higher Prices

Clean Technica -- CNN reports that nearly half of the oil refining capacity on the East Coast has shut down, or will soon be shut down, due to severe financial losses...The fuel shortage won’t hit until just after the peak driving season, which means that high gas prices may stick around longer than in past years.

Read the Full Article

Submitted Apr 14, 2012 By: vandamme
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: East Coast May Get Hit with Gas Shortage, Higher Prices Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
remay
Champion Author Houston

Posts:9,338
Points:2,707,540
Joined:May 2006
Message Posted: Apr 16, 2012 6:42:49 AM

but but but, we are being told prices have PEAKED!
Profile Pic
MidNJ
Champion Author New Jersey

Posts:9,585
Points:1,709,510
Joined:Sep 2009
Message Posted: Apr 15, 2012 5:54:00 PM

Been hearing about this for over a month.
Profile Pic
Gypsytda
Sophomore Author Colorado

Posts:138
Points:425
Joined:Apr 2012
Message Posted: Apr 15, 2012 11:59:47 AM

Friends back in Philly have shared that several refineries are closing there.. costing several hundred jobs.
The reason the refineries (as well as coal plants) are closing is due to more Gov't regulation.. and this is also one of the reasons the cost of gas has gone up.
Along with less refineries, which means more transport expense, those regulations also increase the cost of production.
Say Thank you Obama.. (ack)
He really has missed the boat on how to be the president.. and when he ran fussing about the economy and gas prices what has he done? he has reduced jobs, stunted the economy, businesses are closing, and gas prices have skyrocketed.. with gas prices all products & food prices also skyrocket. What has he done for us? Short answer he has done everything AGAINT us!
Profile Pic
dave27johnson
Champion Author Chicago

Posts:2,400
Points:945,215
Joined:Feb 2012
Message Posted: Apr 15, 2012 8:25:20 AM

"The U.S. has not built an oil refinery in over 30 years." True, but...

Added capacity of 23 of today's average size facilities since the low in 1985.
Profile Pic
gawxnative
All-Star Author Atlanta

Posts:510
Points:435,240
Joined:Aug 2006
Message Posted: Apr 15, 2012 4:56:16 AM

Wonder ifthe shortage will impact the SE (Atlanta) as there will be pressure to send "our gas" up to the east coast
Profile Pic
Pozole
Champion Author Portland

Posts:16,398
Points:2,195,495
Joined:Mar 2005
Message Posted: Apr 15, 2012 1:06:42 AM

...I'm guessing they're REALY looking forward to THAT...
Profile Pic
WalRus49
Champion Author Boston

Posts:6,764
Points:1,469,840
Joined:Nov 2010
Message Posted: Apr 15, 2012 12:32:56 AM

More organized mayhem and pillage..............
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,424
Points:2,449,955
Joined:Nov 2004
Message Posted: Apr 14, 2012 11:24:31 PM

Fortunately, we get our supplies here in Atlanta from the Gulf coast.
Profile Pic
alterman156
Champion Author New York

Posts:10,085
Points:2,157,400
Joined:Dec 2008
Message Posted: Apr 14, 2012 9:40:00 PM

Will gas lines be next?
Profile Pic
cheapchickKY
Champion Author Lexington

Posts:6,855
Points:1,396,895
Joined:Jan 2011
Message Posted: Apr 14, 2012 9:34:16 PM

Sure.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,422
Points:1,365,035
Joined:Mar 2011
Message Posted: Apr 14, 2012 9:08:11 PM

We've got plenty of crude, the gov't needs to step in to refine.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,422
Points:1,365,035
Joined:Mar 2011
Message Posted: Apr 14, 2012 9:07:37 PM

How can refiners be losing money?
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,422
Points:1,365,035
Joined:Mar 2011
Message Posted: Apr 14, 2012 9:07:06 PM

What a bunch of crap...
Profile Pic
JohnofGB
Champion Author Flint

Posts:7,998
Points:1,693,370
Joined:Feb 2010
Message Posted: Apr 14, 2012 9:06:16 PM

Aha. Another reason to gouge the public , in the making.
Profile Pic
SammyAdams
Champion Author Tallahassee

Posts:5,703
Points:1,388,425
Joined:Nov 2010
Message Posted: Apr 14, 2012 8:49:40 PM

To: eomc17 Re: Apr 14, 2012 10:37:45 PM
----------------------------------------------------------------------
The reason that we elected BO is because of his predecessor and the policies of the one who was to carry his mantle. As is typical every election cycle, we get to choose between "Tweedledee" and "Tweedledum". You might recall of the perennial candidate on the Socialist Party ticket when he quit running and was asked "why". His reply was that "Both Parties have adopted my platform." And it is true. Both major Parties are taking US over the cliff, albeit only at different rates.

And for whom can you vote for President who would be essentially different from BO? Romney? Santorum? Gingrich? All three have records of BIGGER government, deficits, taxes, etc. The ONLY candidate who has a track record of NEVER voting for a tax increase or unbalanced budget is Congressman Ron Paul. He is virtually being ignored, marginalized, or vilified by the (Establishment) media, yet he attracts THOUSANDS at his gatherings (Ten thousand at UCLA, but you probably haven't heard).

I think that there will be many disappointed voters this fall who have adopted the mindset "Anyone, But Obama".
Profile Pic
SammyAdams
Champion Author Tallahassee

Posts:5,703
Points:1,388,425
Joined:Nov 2010
Message Posted: Apr 14, 2012 8:11:34 PM

Losing a million dollars per day cannot be fun and it is a wonder that these haven't shut down sooner. This might be an oversimplification of the problem, but if it costs more to refine the tar sands oil in these refineries, why doesn't Sunoco and ConocoPhillips raise their prices to make this venture profitable? If they shut down their refineries, the ensuing shortages in supply will cause prices to escalate anyhow.

It wasn't stated anywhere in this article, but I would imagine that modernizing these facilities might be cost prohibitive because of the environmental regulations. If such is the case, wouldn't it make more sense to abolish the EPA altogether and relax the standards in order to bring more refined gas products to the northeast?
Profile Pic
drpepperTX
Champion Author Texas

Posts:13,347
Points:1,350,795
Joined:Apr 2011
Message Posted: Apr 14, 2012 7:51:23 PM

eomc17, "It's time for a change I can believe in in November and for the first time ever, I am not voting for a democrat. Obama is a power hungry socialist, not democratic by any means.

He ignores what the public really wants, he tells half-truths and lies every time he speaks, he takes credit for things he has nothing to do with, and always blames other for anything that doesn't go his way.

Did we vote Dennis the Menace into the White House?? Perhaps....."
=======================
I'm hearing the same from a lot of folk who voted for this epic failure of a President in 2008.
Profile Pic
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Apr 14, 2012 7:41:49 PM

Join the west coast.
Profile Pic
eomc17
Champion Author Tucson

Posts:2,214
Points:157,630
Joined:Mar 2007
Message Posted: Apr 14, 2012 7:37:45 PM

For big oil and reckless speculators, enough is NEVER enough.
And Obama let's us spend our life savings to buy way overpriced gasoline.
It's time for a change I can believe in in November and for the first time ever, I am not voting for a democrat. Obama is a power hungry socialist, not democratic by any means.

He ignores what the public really wants, he tells half-truths and lies every time he speaks, he takes credit for things he has nothing to do with, and always blames other for anything that doesn't go his way.

Did we vote Dennis the Menace into the White House?? Perhaps.....
Profile Pic
PathfinderSC
Champion Author South Carolina

Posts:12,162
Points:2,419,985
Joined:Mar 2008
Message Posted: Apr 14, 2012 6:18:11 PM

Nothing but pure Greed.
Profile Pic
esq262
Champion Author Asheville

Posts:5,302
Points:1,239,905
Joined:Jul 2011
Message Posted: Apr 14, 2012 6:12:53 PM

Just a reason to charge higher prices.
Profile Pic
Van_Halen
Champion Author Atlanta

Posts:3,038
Points:1,121,830
Joined:Apr 2011
Message Posted: Apr 14, 2012 6:07:19 PM

.
But didn't the idiots from MSLSD just claim gas was going to go down not up!
Profile Pic
Pete12
Champion Author Albany

Posts:5,891
Points:2,092,615
Joined:Nov 2005
Message Posted: Apr 14, 2012 6:01:29 PM

They better find an answer or we will be back in a full scale recession!
Profile Pic
drpepperTX
Champion Author Texas

Posts:13,347
Points:1,350,795
Joined:Apr 2011
Message Posted: Apr 14, 2012 5:49:08 PM

Backwards baltimore gets it completely wrong "Conveniently, since we're in an election year and the extreme right wants to make gas prices an issue, whereas in 2008 it faded out of sight before the conventions."

=====================

Complete BULL FECES, the average price for regular gasoline was $3.65 on Sept 8, the week after the Dem convention and the week of the Rep convention.

But facts never get in the way of liberal thought do they?2008 Sept prices
Profile Pic
wrunner
Champion Author Virginia

Posts:7,097
Points:1,736,590
Joined:Dec 2009
Message Posted: Apr 14, 2012 5:38:19 PM

With gas shortage and high gas prices, it is time to diminish your wants and augment your needs.

Profile Pic
Wsamson7121
Champion Author San Jose

Posts:6,028
Points:2,379,920
Joined:Feb 2003
Message Posted: Apr 14, 2012 5:27:05 PM

First, it was the West Coast. Now, it's the East Coast's turn. Just great.
Profile Pic
itsjustme719
Champion Author Hamilton

Posts:2,256
Points:1,139,685
Joined:Dec 2010
Message Posted: Apr 14, 2012 4:42:10 PM

What's that? Prices are high and they're going to stay high? No surprise there.
Profile Pic
djdon917
All-Star Author New Jersey

Posts:888
Points:61,110
Joined:Oct 2007
Message Posted: Apr 14, 2012 4:38:15 PM

it needs to rise as high $25 a gallon for OBAMA be happy
Profile Pic
coughlin
Champion Author San Jose

Posts:6,662
Points:1,449,510
Joined:Sep 2009
Message Posted: Apr 14, 2012 4:32:58 PM

As long as the prices in your area are among the highest, they will be no shortages.
Profile Pic
rbrk02
Champion Author Rhode Island

Posts:8,616
Points:1,418,205
Joined:Jan 2011
Message Posted: Apr 14, 2012 4:29:26 PM

Great. Now, in addition to the high prices, we can look forward to shortages??
Profile Pic
nfldude
Champion Author San Diego

Posts:8,763
Points:1,033,275
Joined:Dec 2011
Message Posted: Apr 14, 2012 4:28:24 PM

Obama has said gas prices need to rise to European levels. Change!
Profile Pic
KDMWI
Champion Author Wisconsin

Posts:4,945
Points:601,300
Joined:Oct 2008
Message Posted: Apr 14, 2012 4:21:56 PM

We don't have no gas shortage. Unless they plan a gas storage and jack the price up.

You hear this United States Government, a planned shortage so gas prices go up. What do you plan to do about it?

.... ... ... .... ... nothing... ... ...

Obama, I'm disappointed. I thought you were for the people, not take away from the people. DO SOMETHING!
Profile Pic
TRYWI
All-Star Author Appleton

Posts:898
Points:282,150
Joined:Jan 2012
Message Posted: Apr 14, 2012 4:09:05 PM

okay
Profile Pic
APlus
Champion Author San Antonio

Posts:4,595
Points:1,267,955
Joined:Apr 2007
Message Posted: Apr 14, 2012 4:07:30 PM

Greed and no surprise
Profile Pic
doggod
Champion Author Anchorage

Posts:4,340
Points:1,066,160
Joined:May 2009
Message Posted: Apr 14, 2012 4:02:45 PM

As always, the chickens come home to roost.

As always, the politicians will blame the people who work productively for the betterment of everyone in return for a profit. The politicians will say the refiners should have stayed in business and eaten the losses incurred by government regulations. To do otherwise makes them "greedy".

As always, people too caught up in watching the drek they're served on TV will not be able to bother themselves with engaging their brains and will instead listen and repeat the baloney the politicians spout for their benefit.

Life goes on as always.

Profile Pic
Jeff1944
Champion Author South Dakota

Posts:4,845
Points:1,570,970
Joined:Jan 2010
Message Posted: Apr 14, 2012 4:01:25 PM

Should be good for another blame game by the politicians who will do nothing but talk, talk and talk.
Profile Pic
hubie24
Veteran Author Michigan

Posts:315
Points:214,255
Joined:Jul 2010
Message Posted: Apr 14, 2012 3:49:44 PM

Build, Build, Build! The refineries that is.
Profile Pic
eromitlab
Champion Author Huntsville

Posts:7,356
Points:1,459,660
Joined:May 2008
Message Posted: Apr 14, 2012 3:49:32 PM

Conveniently, since we're in an election year and the extreme right wants to make gas prices an issue, whereas in 2008 it faded out of sight before the conventions.
Profile Pic
dh0770
Champion Author Colorado

Posts:6,987
Points:675,810
Joined:Jun 2011
Message Posted: Apr 14, 2012 3:41:51 PM

Hope it doubles for the Wall Street speculators when they are filling up, gouge them back!
Profile Pic
buckets42
Champion Author New Jersey

Posts:1,690
Points:329,550
Joined:Oct 2011
Message Posted: Apr 14, 2012 3:38:53 PM

Great!!!
Profile Pic
MusicalMan7
All-Star Author Ohio

Posts:624
Points:98,210
Joined:Apr 2012
Message Posted: Apr 14, 2012 3:25:46 PM

Yay. That'll keep it fairly high everywhere I imagine, not just east coast.
Post a reply Back to Topics