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GasBuddy News Article

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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.

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Submitted Apr 14, 2012 By: vandamme
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Author Topic: East Coast May Get Hit with Gas Shortage, Higher Prices Back to Topics
REPLIES (newest first) Post a Reply
remay
Champion Author Houston

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Message Posted: Apr 16, 2012 8:42:49 AM

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

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Message Posted: Apr 15, 2012 7:54:00 PM

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

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Message Posted: Apr 15, 2012 1:59:47 PM

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!
dave27johnson
Champion Author Chicago

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Message Posted: Apr 15, 2012 10:25:20 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.
gawxnative
All-Star Author Atlanta

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Message Posted: Apr 15, 2012 6:56:16 AM

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

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Message Posted: Apr 15, 2012 3:06:42 AM

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

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Message Posted: Apr 15, 2012 2:32:56 AM

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

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Message Posted: Apr 15, 2012 1:24:31 AM

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

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Message Posted: Apr 14, 2012 11:40:00 PM

Will gas lines be next?
cheapchickKY
Champion Author Lexington

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Message Posted: Apr 14, 2012 11:34:16 PM

Sure.
jetskijerry
Champion Author North Carolina

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Message Posted: Apr 14, 2012 11:08:11 PM

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

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Message Posted: Apr 14, 2012 11:07:37 PM

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

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Message Posted: Apr 14, 2012 11:07:06 PM

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

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Message Posted: Apr 14, 2012 11:06:16 PM

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

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Message Posted: Apr 14, 2012 10:49:40 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".
SammyAdams
Champion Author Tallahassee

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Message Posted: Apr 14, 2012 10:11:34 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?
drpepperTX
Champion Author Texas

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Message Posted: Apr 14, 2012 9:51:23 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.
schatzila
Champion Author Los Angeles

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Message Posted: Apr 14, 2012 9:41:49 PM

Join the west coast.
eomc17
Champion Author Tucson

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Message Posted: Apr 14, 2012 9:37:45 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.....
PathfinderSC
Champion Author South Carolina

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Message Posted: Apr 14, 2012 8:18:11 PM

Nothing but pure Greed.
esq262
Champion Author Asheville

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Message Posted: Apr 14, 2012 8:12:53 PM

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

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Message Posted: Apr 14, 2012 8:07:19 PM

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

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Message Posted: Apr 14, 2012 8:01:29 PM

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

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Message Posted: Apr 14, 2012 7:49:08 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
wrunner
Champion Author Virginia

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Message Posted: Apr 14, 2012 7:38:19 PM

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

Wsamson7121
Champion Author San Jose

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Message Posted: Apr 14, 2012 7:27:05 PM

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

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Message Posted: Apr 14, 2012 6:42:10 PM

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

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Message Posted: Apr 14, 2012 6:38:15 PM

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

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Message Posted: Apr 14, 2012 6:32:58 PM

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

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Message Posted: Apr 14, 2012 6:29:26 PM

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

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Message Posted: Apr 14, 2012 6:28:24 PM

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

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Message Posted: Apr 14, 2012 6:21:56 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!
TRYWI
All-Star Author Appleton

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Message Posted: Apr 14, 2012 6:09:05 PM

okay
APlus
Champion Author San Antonio

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Message Posted: Apr 14, 2012 6:07:30 PM

Greed and no surprise
doggod
Champion Author Anchorage

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Message Posted: Apr 14, 2012 6:02:45 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.

Jeff1944
Champion Author South Dakota

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Message Posted: Apr 14, 2012 6:01:25 PM

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

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Message Posted: Apr 14, 2012 5:49:44 PM

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

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Message Posted: Apr 14, 2012 5:49:32 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.
dh0770
Champion Author Colorado

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Message Posted: Apr 14, 2012 5:41:51 PM

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

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Message Posted: Apr 14, 2012 5:38:53 PM

Great!!!
MusicalMan7
All-Star Author Ohio

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Message Posted: Apr 14, 2012 5:25:46 PM

Yay. That'll keep it fairly high everywhere I imagine, not just east coast.
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