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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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lile07 Sophomore Author Chicago Posts:119 Points:439,870 Joined:Jun 2011	Message Posted: Sep 14, 2012 6:07:19 AM Ignore lile07 Report Abuse Good idea
prcoqui Champion Author Maryland Posts:3,945 Points:1,672,225 Joined:Dec 2006	Message Posted: Sep 12, 2012 6:11:23 AM Ignore prcoqui Report Abuse No need to rush back when you can just increase gas prices.
99dakota Champion Author Providence Posts:8,102 Points:2,171,050 Joined:Oct 2006	Message Posted: Sep 12, 2012 5:53:25 AM Ignore 99dakota Report Abuse Way too high...
Wanda127 Champion Author Florida Posts:2,487 Points:913,015 Joined:May 2010	Message Posted: Sep 10, 2012 11:26:52 PM Ignore Wanda127 Report Abuse 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 Sophomore Author Akron Posts:228 Points:600,585 Joined:May 2011	Message Posted: Sep 10, 2012 8:24:24 PM Ignore Mystikal1 Report Abuse Another poor excuse for stations in my area to raise prices 30 cents within a blink of the eye!
DanMtz Champion Author Oakland Posts:3,340 Points:1,240,400 Joined:Oct 2009	Message Posted: Sep 10, 2012 7:58:53 PM Ignore DanMtz Report Abuse Isaac's disruption is nothing compared to the Chevron refinery fire disruption.
GasFreeLeaf Champion Author Orange County Posts:1,242 Points:474,725 Joined:Oct 2010	Message Posted: Sep 10, 2012 5:26:50 PM Ignore GasFreeLeaf Report Abuse yes
Donatelo Champion Author Dayton Posts:1,118 Points:291,825 Joined:Apr 2011	Message Posted: Sep 10, 2012 3:52:48 PM Ignore Donatelo Report Abuse 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 Rookie Author Chicago Posts:56 Points:22,270 Joined:Nov 2010	Message Posted: Sep 10, 2012 3:05:09 PM Ignore joecompute2 Report Abuse 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 Posts:242 Points:143,710 Joined:Oct 2011	Message Posted: Sep 10, 2012 3:03:57 PM Ignore ethanol_is_bad Report Abuse And somehow the earth keeps turing and sun is still shining.
jhggasman Champion Author Mississippi Posts:21,140 Points:2,121,465 Joined:May 2007	Message Posted: Sep 10, 2012 3:02:40 PM Ignore jhggasman Report Abuse yes
MedicKirk1 Champion Author New Hampshire Posts:1,345 Points:806,025 Joined:May 2008	Message Posted: Sep 10, 2012 2:59:39 PM Ignore MedicKirk1 Report Abuse A little bit of the bad with a little bit of the good.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Sep 10, 2012 2:58:48 PM Ignore DougtheEconMan Report Abuse 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 Rookie Author Chicago Posts:56 Points:22,270 Joined:Nov 2010	Message Posted: Sep 10, 2012 2:58:36 PM Ignore joecompute2 Report Abuse ..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 Posts:859 Points:231,395 Joined:Feb 2008	Message Posted: Sep 10, 2012 2:57:30 PM Ignore KathySipsGas Report Abuse Obama's failed energy policys is absolutely killing MY family's finances. I cant see this getting better.
2parrots Champion Author Massachusetts Posts:1,541 Points:343,390 Joined:May 2012	Message Posted: Sep 10, 2012 2:55:42 PM Ignore 2parrots Report Abuse local prices up 8c to 14c a gallon
Uncle Jim Sophomore Author Twin Cities Posts:151 Points:357,670 Joined:Dec 2002	Message Posted: Sep 10, 2012 2:52:56 PM Ignore Uncle Jim Report Abuse 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 All-Star Author Victoria Posts:707 Points:163,930 Joined:Oct 2008	Message Posted: Sep 10, 2012 2:49:13 PM Ignore FedupwithGreed Report Abuse B.S.
truck193 All-Star Author Michigan Posts:637 Points:454,495 Joined:May 2007	Message Posted: Sep 10, 2012 2:49:00 PM Ignore truck193 Report Abuse up today from $3.78 to $4.09 you go obama now thats hope and change for ya
divebomber Champion Author Nebraska Posts:6,068 Points:1,810,325 Joined:Jun 2007	Message Posted: Sep 10, 2012 2:46:37 PM Ignore divebomber Report Abuse OLD NEWS!
starfighter08 Champion Author Illinois Posts:1,322 Points:347,430 Joined:Sep 2008	Message Posted: Sep 10, 2012 2:46:02 PM Ignore starfighter08 Report Abuse 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 Posts:6,523 Points:1,790,760 Joined:Jun 2004	Message Posted: Sep 10, 2012 2:43:40 PM Ignore 1Casey Report Abuse lies.
kjme4ever Sophomore Author Lexington Posts:110 Points:51,975 Joined:Jun 2011	Message Posted: Sep 10, 2012 2:42:36 PM Ignore kjme4ever Report Abuse 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 Posts:343 Points:223,845 Joined:Jan 2007	Message Posted: Sep 10, 2012 2:37:29 PM Ignore FreeeBee Report Abuse perfect example of lame excuse...
stueyAZ Sophomore Author Phoenix Posts:212 Points:23,630 Joined:Nov 2011	Message Posted: Sep 10, 2012 2:35:47 PM Ignore stueyAZ Report Abuse Aaaaannnnddddd everyone is sick and tired.
biggyhy Champion Author Milwaukee Posts:1,466 Points:472,305 Joined:Sep 2011	Message Posted: Sep 10, 2012 2:35:01 PM Ignore biggyhy Report Abuse what else is new Big business just gets bigger and more profitable
eddyp94 Champion Author Ontario Posts:8,163 Points:1,660,835 Joined:Mar 2008	Message Posted: Sep 10, 2012 2:34:50 PM Ignore eddyp94 Report Abuse Another reason to rip off the working people...
joanne_abrahams Rookie Author New York Posts:73 Points:7,565 Joined:Aug 2012	Message Posted: Sep 10, 2012 2:32:31 PM Ignore joanne_abrahams Report Abuse ok, so what else is new?
Blackranger All-Star Author Maine Posts:608 Points:584,590 Joined:May 2007	Message Posted: Sep 10, 2012 2:32:08 PM Ignore Blackranger Report Abuse I smell monoploy!
AnObserver Champion Author New Jersey Posts:8,349 Points:2,256,805 Joined:Sep 2005	Message Posted: Sep 10, 2012 2:29:28 PM Ignore AnObserver Report Abuse Same old hurricane story
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Sep 10, 2012 2:28:00 PM Ignore 19sheldon43 Report Abuse 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 Posts:637 Points:170,410 Joined:May 2011	Message Posted: Sep 10, 2012 2:26:40 PM Ignore WestMadisonGas Report Abuse what ever to keep the prices up
ItisAJeepThing Champion Author Tucson Posts:19,740 Points:2,149,630 Joined:Oct 2006	Message Posted: Sep 10, 2012 2:24:44 PM Ignore ItisAJeepThing Report Abuse 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 Posts:1,746 Points:445,500 Joined:Jun 2011	Message Posted: Sep 10, 2012 2:23:17 PM Ignore dougtaylor1 Report Abuse Just get back to work.
race2IT Champion Author Fort Worth Posts:1,768 Points:723,310 Joined:Oct 2008	Message Posted: Sep 10, 2012 2:22:07 PM Ignore race2IT Report Abuse They are really full of it. Any excuses to keep the prices high.
kobes1 Champion Author Florida Posts:2,482 Points:555,660 Joined:Aug 2011	Message Posted: Sep 10, 2012 2:19:29 PM Ignore kobes1 Report Abuse What crap
Billbop Champion Author St. Louis Posts:2,782 Points:1,449,940 Joined:Jun 2004	Message Posted: Sep 10, 2012 2:18:03 PM Ignore Billbop Report Abuse 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 Posts:1,714 Points:619,020 Joined:May 2011	Message Posted: Sep 10, 2012 2:17:17 PM Ignore LSU_TIGERS_dmb Report Abuse 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 Posts:8,091 Points:1,642,230 Joined:Aug 2008	Message Posted: Sep 10, 2012 2:13:18 PM Ignore PrepHermit Report Abuse Complete and total insanity.
btex49 Champion Author Austin Posts:2,710 Points:529,130 Joined:Aug 2011	Message Posted: Sep 10, 2012 2:13:04 PM Ignore btex49 Report Abuse Of course, production is down, as it is after any big storm in oil producing and refining states.
JCUBE Champion Author Michigan Posts:8,559 Points:1,913,270 Joined:Aug 2003	Message Posted: Sep 10, 2012 2:11:47 PM Ignore JCUBE Report Abuse 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 Posts:2,008 Points:1,129,085 Joined:Jun 2006	Message Posted: Sep 10, 2012 2:10:51 PM Ignore RedskinGas Report Abuse Any excuse to keep the price high.
DrLyon Champion Author Michigan Posts:6,645 Points:1,210,255 Joined:May 2006	Message Posted: Sep 10, 2012 2:09:51 PM Ignore DrLyon Report Abuse Good excuse to keep the price high...
oldiesman Champion Author New York Posts:6,417 Points:2,192,010 Joined:May 2006	Message Posted: Sep 10, 2012 2:08:33 PM Ignore oldiesman Report Abuse Of course thanks to Obama and no drilling?
BummerMan Champion Author Dallas Posts:1,281 Points:352,490 Joined:Apr 2011	Message Posted: Sep 10, 2012 2:07:47 PM Ignore BummerMan Report Abuse Lack of supply
ramshot412 Champion Author Riverside Posts:20,142 Points:2,464,515 Joined:Apr 2004	Message Posted: Sep 10, 2012 2:07:08 PM Ignore ramshot412 Report Abuse GREED!!!
smenzel Champion Author Seattle Posts:2,045 Points:1,102,980 Joined:Mar 2007	Message Posted: Sep 10, 2012 2:03:32 PM Ignore smenzel Report Abuse Ugh
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Sep 10, 2012 2:02:43 PM Ignore 19sheldon43 Report Abuse 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:3,120 Points:1,671,775 Joined:Apr 2006	Message Posted: Sep 10, 2012 2:02:03 PM Ignore Taurus1 Report Abuse It's the "blame game"!
cnflash Rookie Author Fort Worth Posts:29 Points:141,040 Joined:Jan 2006	Message Posted: Sep 10, 2012 2:00:48 PM Ignore cnflash Report Abuse Greedy bastards