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GasBuddy News Article

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Isaac changes course, sets sight on oil-rich Gulf

GasBuddy Blog -- The hurricane track for Isaac continued to move westward over the weekend, with the storm headed directly for the oil-rich Gulf of Mexico, and with it come possibly refinery shutdowns and rig outages. Motorists should prepare for temporary gasoline prices especially in the Gulf- Louisiana, Alabama, Mississippi, and other areas the storm may affect.

We're hearing of some refineries that will likely close their plants out of caution, and dozens of significant Gulf oil and natural gas rigs have already been evacuated. As of Monday morning, 25% of the daily production of oil capacity has been shut in the Gulf.

While the Gulf area may see the worst of the gas price spikes, the entire nation may be affected, with wholesale gasoline...


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Submitted Aug 27, 2012 By: PD
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txrojo2005
Champion Author Austin

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Message Posted: Aug 29, 2012 2:38:57 PM

My cars are topped off. I know your not supposed to do that.
FNB1967
Champion Author Ontario

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Message Posted: Aug 29, 2012 9:23:37 AM

It's going to hurt at the pumps
BluWahoo
Champion Author Pensacola

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Message Posted: Aug 28, 2012 6:48:46 PM

My gas cans and cars are filled...stations out of gas at this time will refill in a few days. Isaac has brought tornadoes, high wind gusts, twisted trees, blowing debris and a storm surge causing flooding. Hate it for those West of here but hopefully the cities facing drought will get some relief. I have posted some photos TS Isaac "Calm before the storm". Take a look if you wish to.
sparky808
Champion Author Honolulu

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Message Posted: Aug 28, 2012 12:28:09 PM

Thank you for posting.
hok
Champion Author Los Angeles

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Message Posted: Aug 28, 2012 11:20:50 AM

AnObserver
Champion Author New Jersey

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Message Posted: Aug 28, 2012 8:36:27 AM

"oil rich Gulf" - is that what is left over from the BP spill?
DougtheEconMan
Champion Author Akron

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Message Posted: Aug 28, 2012 8:16:21 AM

KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
albert2008
Champion Author Winnipeg

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Message Posted: Aug 28, 2012 8:15:42 AM

not nice
TheMeltz
Champion Author Maryland

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Message Posted: Aug 28, 2012 7:52:50 AM

be safe.
DougtheEconMan
Champion Author Akron

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Message Posted: Aug 28, 2012 7:45:22 AM

KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
Tnerbeel
Champion Author Houston

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Message Posted: Aug 28, 2012 7:42:44 AM

One thing about hurricanes and gas prices...any affect is temporary.
DougtheEconMan
Champion Author Akron

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Message Posted: Aug 28, 2012 7:30:33 AM

KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
METEOR49
Champion Author Ontario

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Message Posted: Aug 28, 2012 7:22:16 AM

this storm shouldn't affect canadian prices but you can be sure pig oil will find a way to make sure it does . we need a viable alternative so we can tell them to take a hike .
FPLREP
Champion Author Virginia

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Message Posted: Aug 28, 2012 7:14:39 AM

A minor blip at worst... the biggest damage will come from the speculators on wall street driving up gas prices.
Wierbe
Champion Author Cincinnati

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Message Posted: Aug 28, 2012 7:14:17 AM

"the entire nation may be affected..."
MAY be affected? Of course we will all be affected.
DutchTreatMI
Champion Author Grand Rapids

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Message Posted: Aug 28, 2012 7:13:35 AM

Hope for the best for the Gulf Coast Region. But it is wrong to speculate gas prices higher before any damage is reported.
Wildman14
Champion Author Virginia

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Message Posted: Aug 28, 2012 7:12:52 AM

@85XJ prices will go up if a Saudi sheik gets a boil on his backside.
WILDCAT112
Champion Author South Carolina

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Message Posted: Aug 28, 2012 7:12:00 AM

I do not think our money can out last the gouging
85XJ
Champion Author Toledo

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Message Posted: Aug 28, 2012 7:10:41 AM

Prices will not go up because of Isaac - they'll go up because it's a holiday weekend.
DougtheEconMan
Champion Author Akron

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Joined:Feb 2008
Message Posted: Aug 28, 2012 7:08:24 AM

KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
Gas_Buzzer
Champion Author South Carolina

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Message Posted: Aug 28, 2012 7:06:20 AM

Yeah, where all the foreigners can drill but where Barry "Big Ears" (Big Liar) Hussein Obammie has shut down US development.
Cruiser340
Champion Author Grand Rapids

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Message Posted: Aug 28, 2012 7:06:15 AM

Don't forget the mid-west, they will use any excuse to pick our pockets.
justme48
Champion Author New Jersey

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Message Posted: Aug 28, 2012 7:05:39 AM

The speculators on wall street will love this article.
badbonita
Champion Author Syracuse

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Message Posted: Aug 28, 2012 7:05:33 AM

The Gulf area is going to be impacted far harder than any of the other areas because at least, we still have access to refilling of our stations. As Isaac comes closer to landfall, companies are not going to want to endanger their drivers in order to deliver fuel into the projected areas.

We'll deal with the impact on prices.

Hope everyone that was able to evacuate got out. And everyone that had to stay - stays safe.
fieldt
Champion Author Lansing

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Message Posted: Aug 28, 2012 7:04:15 AM

Here it comes.
CivicMA
Champion Author Boston

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Message Posted: Aug 28, 2012 7:03:46 AM

Make everything safe, evacuate what needs to be evacuated and hope for the best.

However, major price gouging here we go. If it hits with any force, I predict probably $4.25 gas before long in most parts of the US. Eventual fall-back might be to $4.00 as the new "low"!
Drill4Petro
Champion Author Illinois

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Message Posted: Aug 28, 2012 7:03:38 AM

Tank up now.
Beboper
Champion Author Virginia

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Message Posted: Aug 28, 2012 7:03:22 AM

old news
GasholeMI
Champion Author Lansing

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Message Posted: Aug 28, 2012 7:02:22 AM

This will effect prices in the north as well--just because it can.
beohbeNJ
Champion Author New Jersey

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Message Posted: Aug 28, 2012 7:01:32 AM

I worry more for the people in harms way than I do for any gas spikes. I hope the Army engineers did a good job in New Orleans.
ricoblanco
Champion Author Chicago

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Message Posted: Aug 28, 2012 7:00:58 AM

Uh oh
sramroop
Champion Author Birmingham

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Message Posted: Aug 28, 2012 7:00:27 AM

Yikes...higher gas prices
pnd1
Champion Author Tallahassee

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Message Posted: Aug 28, 2012 7:00:01 AM

Gas stations are very quick to raise prices, based on what they think will happen instead of the price they have to pay. This is called price gouging and is illegal, at least in the state of Florida. However, it is often hard to prove and when it is proven the stations usually just get a slap on the wrist in the form of a small fine that never seems to make it back to the people that actually were gouged by the high prices.
Chas58
Champion Author Detroit

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Message Posted: Aug 28, 2012 6:59:42 AM

k
WestMichigan
Champion Author Grand Rapids

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Message Posted: Aug 28, 2012 6:59:14 AM

Fortunately they have upgraded several platforms since the last hurricane.
Gman2011MI
Champion Author Michigan

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Message Posted: Aug 28, 2012 6:59:11 AM

just another fricken reason to raise price again...............
ILVET
Champion Author Illinois

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Message Posted: Aug 28, 2012 6:59:08 AM

Here we go
eswi
Champion Author Madison

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Message Posted: Aug 28, 2012 6:58:47 AM

OK
curlypooh
Champion Author New Jersey

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Message Posted: Aug 28, 2012 6:57:57 AM

ok
krzysiek_ck
Champion Author Illinois

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Message Posted: Aug 28, 2012 6:57:55 AM

Any news is good enough for Big Oil Greed to raise the prices.
Elaine4411
Champion Author Pennsylvania

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Message Posted: Aug 28, 2012 6:57:28 AM

And....the prices keep going up, up, up!!!
M8trix4
Champion Author New York

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Message Posted: Aug 28, 2012 6:57:01 AM

If you drill in a Hurricane prone location wouldn't it be smart to stockpile b4 the season to avoid shortfalls? Possibly store the reserve in tankers that can be relocated to another area? Nope...let's just shutdown and jack the pump price to cover the loss...
roland1971
Champion Author Virginia

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Message Posted: Aug 28, 2012 6:56:39 AM

ok
TANGOTANGO
Champion Author Toronto

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Message Posted: Aug 28, 2012 6:56:34 AM

Here comes another price increase!
guru36525
Veteran Author Montgomery

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Message Posted: Aug 28, 2012 6:56:26 AM

diesel price actually dropped in MS this morning--storm still approaching--gouging to start later tomorrow---oh wait that's illegal---only a slight increase is allowed
I10Express
Champion Author San Antonio

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Message Posted: Aug 28, 2012 6:55:45 AM

Please. This one will bring lots of rain to the area but not much more.
RaginCajun68
All-Star Author Fort Worth

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Message Posted: Aug 28, 2012 6:55:41 AM

Gas prices already rising...sigh....no relief in sight.
pmc3
Champion Author Missouri

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Message Posted: Aug 28, 2012 6:55:40 AM

whatever....
jmdk721
Champion Author Missouri

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Message Posted: Aug 28, 2012 6:55:36 AM

it is a troplic strom, not a big bad Cat 5
SierraFaith
Sophomore Author Arkansas

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Message Posted: Aug 28, 2012 6:54:31 AM

Hmmm
Nozzel
Champion Author Ontario

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Message Posted: Aug 28, 2012 6:54:30 AM

ok
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