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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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remay Champion Author Houston Posts:6,968 Points:2,117,615 Joined:May 2006	Message Posted: Apr 16, 2012 6:42:49 AM Ignore remay Report Abuse but but but, we are being told prices have PEAKED!
MidNJ Champion Author New Jersey Posts:7,559 Points:1,173,100 Joined:Sep 2009	Message Posted: Apr 15, 2012 5:54:00 PM Ignore MidNJ Report Abuse Been hearing about this for over a month.
Gypsytda Sophomore Author Colorado Posts:138 Points:425 Joined:Apr 2012	Message Posted: Apr 15, 2012 11:59:47 AM Ignore Gypsytda Report Abuse 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 Posts:1,788 Points:409,045 Joined:Feb 2012	Message Posted: Apr 15, 2012 8:25:20 AM Ignore dave27johnson Report Abuse "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 Posts:510 Points:229,865 Joined:Aug 2006	Message Posted: Apr 15, 2012 4:56:16 AM Ignore gawxnative Report Abuse 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 Posts:9,602 Points:1,595,495 Joined:Mar 2005	Message Posted: Apr 15, 2012 1:06:42 AM Ignore Pozole Report Abuse ...I'm guessing they're REALY looking forward to THAT...
WalRus49 Champion Author Boston Posts:4,075 Points:868,865 Joined:Nov 2010	Message Posted: Apr 15, 2012 12:32:56 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage..............
Jeff4U Champion Author Atlanta Posts:8,761 Points:1,853,345 Joined:Nov 2004	Message Posted: Apr 14, 2012 11:24:31 PM Ignore Jeff4U Report Abuse Fortunately, we get our supplies here in Atlanta from the Gulf coast.
alterman156 Champion Author New York Posts:7,490 Points:1,557,750 Joined:Dec 2008	Message Posted: Apr 14, 2012 9:40:00 PM Ignore alterman156 Report Abuse Will gas lines be next?
cheapchickKY Champion Author Lexington Posts:4,022 Points:797,265 Joined:Jan 2011	Message Posted: Apr 14, 2012 9:34:16 PM Ignore cheapchickKY Report Abuse Sure.
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Apr 14, 2012 9:08:11 PM Ignore jetskijerry Report Abuse We've got plenty of crude, the gov't needs to step in to refine.
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Apr 14, 2012 9:07:37 PM Ignore jetskijerry Report Abuse How can refiners be losing money?
jetskijerry Champion Author North Carolina Posts:3,901 Points:773,245 Joined:Mar 2011	Message Posted: Apr 14, 2012 9:07:06 PM Ignore jetskijerry Report Abuse What a bunch of crap...
JohnofGB Champion Author Flint Posts:5,426 Points:1,097,170 Joined:Feb 2010	Message Posted: Apr 14, 2012 9:06:16 PM Ignore JohnofGB Report Abuse Aha. Another reason to gouge the public , in the making.
SammyAdams Champion Author Tallahassee Posts:3,056 Points:793,535 Joined:Nov 2010	Message Posted: Apr 14, 2012 8:49:40 PM Ignore SammyAdams Report Abuse 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 Posts:3,056 Points:793,535 Joined:Nov 2010	Message Posted: Apr 14, 2012 8:11:34 PM Ignore SammyAdams Report Abuse 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 Posts:8,945 Points:752,210 Joined:Apr 2011	Message Posted: Apr 14, 2012 7:51:23 PM Ignore drpepperTX Report Abuse 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 Posts:4,949 Points:1,016,620 Joined:Jun 2010	Message Posted: Apr 14, 2012 7:41:49 PM Ignore schatzila Report Abuse Join the west coast.
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Apr 14, 2012 7:37:45 PM Ignore eomc17 Report Abuse 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 Posts:9,521 Points:1,831,615 Joined:Mar 2008	Message Posted: Apr 14, 2012 6:18:11 PM Ignore PathfinderSC Report Abuse Nothing but pure Greed.
esq262 Champion Author Asheville Posts:2,902 Points:648,490 Joined:Jul 2011	Message Posted: Apr 14, 2012 6:12:53 PM Ignore esq262 Report Abuse Just a reason to charge higher prices.
Van_Halen Champion Author Atlanta Posts:2,850 Points:641,980 Joined:Apr 2011	Message Posted: Apr 14, 2012 6:07:19 PM Ignore Van_Halen Report Abuse . But didn't the idiots from MSLSD just claim gas was going to go down not up!
Pete12 Champion Author Albany Posts:4,876 Points:1,645,065 Joined:Nov 2005	Message Posted: Apr 14, 2012 6:01:29 PM Ignore Pete12 Report Abuse They better find an answer or we will be back in a full scale recession!
drpepperTX Champion Author Texas Posts:8,945 Points:752,210 Joined:Apr 2011	Message Posted: Apr 14, 2012 5:49:08 PM Ignore drpepperTX Report Abuse 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 Posts:4,445 Points:1,137,335 Joined:Dec 2009	Message Posted: Apr 14, 2012 5:38:19 PM Ignore wrunner Report Abuse With gas shortage and high gas prices, it is time to diminish your wants and augment your needs.
Wsamson7121 Champion Author San Jose Posts:5,943 Points:2,011,995 Joined:Feb 2003	Message Posted: Apr 14, 2012 5:27:05 PM Ignore Wsamson7121 Report Abuse First, it was the West Coast. Now, it's the East Coast's turn. Just great.
itsjustme719 All-Star Author Hamilton Posts:611 Points:598,725 Joined:Dec 2010	Message Posted: Apr 14, 2012 4:42:10 PM Ignore itsjustme719 Report Abuse What's that? Prices are high and they're going to stay high? No surprise there.
djdon917 All-Star Author New Jersey Posts:848 Points:58,235 Joined:Oct 2007	Message Posted: Apr 14, 2012 4:38:15 PM Ignore djdon917 Report Abuse it needs to rise as high $25 a gallon for OBAMA be happy
coughlin Champion Author San Jose Posts:5,185 Points:1,117,865 Joined:Sep 2009	Message Posted: Apr 14, 2012 4:32:58 PM Ignore coughlin Report Abuse As long as the prices in your area are among the highest, they will be no shortages.
rbrk02 Champion Author Rhode Island Posts:5,742 Points:817,230 Joined:Jan 2011	Message Posted: Apr 14, 2012 4:29:26 PM Ignore rbrk02 Report Abuse Great. Now, in addition to the high prices, we can look forward to shortages??
nfldude Champion Author San Diego Posts:3,871 Points:446,555 Joined:Dec 2011	Message Posted: Apr 14, 2012 4:28:24 PM Ignore nfldude Report Abuse Obama has said gas prices need to rise to European levels. Change!
KDMWI Champion Author Wisconsin Posts:4,207 Points:382,620 Joined:Oct 2008	Message Posted: Apr 14, 2012 4:21:56 PM Ignore KDMWI Report Abuse 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 Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: Apr 14, 2012 4:09:05 PM Ignore TRYWI Report Abuse okay
APlus Champion Author San Antonio Posts:3,918 Points:991,445 Joined:Apr 2007	Message Posted: Apr 14, 2012 4:07:30 PM Ignore APlus Report Abuse Greed and no surprise
doggod Champion Author Anchorage Posts:2,848 Points:741,360 Joined:May 2009	Message Posted: Apr 14, 2012 4:02:45 PM Ignore doggod Report Abuse 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 Posts:4,234 Points:1,074,620 Joined:Jan 2010	Message Posted: Apr 14, 2012 4:01:25 PM Ignore Jeff1944 Report Abuse Should be good for another blame game by the politicians who will do nothing but talk, talk and talk.
hubie24 Veteran Author Michigan Posts:315 Points:204,080 Joined:Jul 2010	Message Posted: Apr 14, 2012 3:49:44 PM Ignore hubie24 Report Abuse Build, Build, Build! The refineries that is.
eromitlab Champion Author Huntsville Posts:7,311 Points:1,451,160 Joined:May 2008	Message Posted: Apr 14, 2012 3:49:32 PM Ignore eromitlab Report Abuse 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 Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Apr 14, 2012 3:41:51 PM Ignore dh0770 Report Abuse Hope it doubles for the Wall Street speculators when they are filling up, gouge them back!
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Apr 14, 2012 3:38:53 PM Ignore buckets42 Report Abuse Great!!!
MusicalMan7 All-Star Author Ohio Posts:597 Points:93,330 Joined:Apr 2012	Message Posted: Apr 14, 2012 3:25:46 PM Ignore MusicalMan7 Report Abuse Yay. That'll keep it fairly high everywhere I imagine, not just east coast.