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Gulf Coast refineries progress toward recovery

GasBuddy Blog -- With the national average price of gasoline at $3.80, a rapid recovery from Hurricane Isaac cannot come soon enough to the refineries and offshore oil rigs that were shuttered.

Seven states plus Washington DC have had average prices north of $4 per gallon for too long. New York City's $4.05 average price and Los Angeles' $4.14 look like relatives bargains compared to Chicago's $4.33 average today, but it looks like lower prices will be coming soon.

According to the Houston Chronicle most of the offshore oil and gas crews evacuated from the Gulf of Mexico ahead of Hurricane Isaac are back on the job, and the storm appears to have caused only minor damage to rigs and platforms, according to the initial federal reports...


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Submitted Sep 04, 2012 By: PD
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Author Topic: Gulf Coast refineries progress toward recovery Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Sep 6, 2012 11:10:09 PM

let's hope. Refinery capacity is already low.
Ebaz
Champion Author Oklahoma City

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Message Posted: Sep 6, 2012 7:29:09 AM

Er, shouldn't they be recovering?
nb52
Champion Author Grand Rapids

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Message Posted: Sep 6, 2012 5:37:06 AM

The sooner the better.
sparky808
Champion Author Honolulu

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Message Posted: Sep 5, 2012 1:11:48 PM

old post.
Catfish93001
Champion Author Ventura

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Joined:Jun 2008
Message Posted: Sep 5, 2012 11:21:48 AM

"Recovery" will take just as long as they see fit to raise prices due to "reduced refining capacity."
TonyPSU
Champion Author Cleveland

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Message Posted: Sep 5, 2012 11:19:47 AM

hurry
hok
Champion Author Los Angeles

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Message Posted: Sep 5, 2012 10:58:34 AM

nskmda
Champion Author Grand Rapids

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Message Posted: Sep 5, 2012 10:56:22 AM

@LostToo
c'mon, gimme a break... don't really see any drop around here.
Old Timer
Champion Author Akron

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Message Posted: Sep 5, 2012 10:38:55 AM

Why does recovery take so long?
MTPokts
Champion Author Indianapolis

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Points:1,255,810
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Message Posted: Sep 5, 2012 10:22:59 AM

No hurricanes in South Dakota.
Seems like a great way to mitigate spikes in oil & gas prices.

I'm just amazed how no one else has thought of this.
PizzaMon
Champion Author Philadelphia

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Message Posted: Sep 5, 2012 10:18:29 AM

Let's hope there are no more major hurricanes this season.
Ken2OD
Champion Author Grand Rapids

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Message Posted: Sep 5, 2012 10:17:39 AM

Isaac was one week ago. How long does it take to recover?
OldMan322
Champion Author Illinois

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Message Posted: Sep 5, 2012 10:13:21 AM

"40mpgsaturn" Price gouging and greed
Digger52
Champion Author Chicago

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Message Posted: Sep 5, 2012 10:11:53 AM

Get 'em online!!!!
40mpgsaturn
Champion Author Wisconsin

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Message Posted: Sep 5, 2012 10:01:54 AM

It is up again here!!
LoadToad
Champion Author San Diego

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Message Posted: Sep 5, 2012 10:00:38 AM

Read yesterday.
dacofa
Champion Author Nevada

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Message Posted: Sep 5, 2012 9:56:18 AM

Greed on it's way.
Emmamae1
Champion Author Illinois

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Message Posted: Sep 5, 2012 9:52:35 AM

price should come down in next week or so.
Stevedog
Champion Author Michigan

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Message Posted: Sep 5, 2012 9:50:12 AM

they will drag their feet until the next big blow comes through
PartsStore
All-Star Author West Virginia

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Message Posted: Sep 5, 2012 9:49:00 AM

It seems like it took too long
nanu4u21
Champion Author Orange County

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Message Posted: Sep 5, 2012 9:48:04 AM

ok
puinsai808
Champion Author Honolulu

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Message Posted: Sep 5, 2012 9:47:51 AM

old
Settjec
Champion Author Little Rock

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Message Posted: Sep 5, 2012 9:47:25 AM

Recovery my southside
Donliberty
Champion Author New York

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Message Posted: Sep 5, 2012 9:44:58 AM

ok
NealAZ
Champion Author Arizona

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Message Posted: Sep 5, 2012 9:44:03 AM

Not a single reduction in price around here. Keeps going up.
96sc1
Champion Author El Paso

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Message Posted: Sep 5, 2012 9:43:55 AM

I'm glad the offshore rigs didn't get flooded.
rippertoo
Champion Author Tacoma

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Message Posted: Sep 5, 2012 9:43:49 AM

More manipulation. No real loss or damage but major jump in prices. All profit.
99church
Champion Author Indiana

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Message Posted: Sep 5, 2012 9:42:20 AM

yesterday. We will see how long it takes for prices to retreat. Yeah right
PathTrack
Champion Author Twin Cities

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Message Posted: Sep 5, 2012 9:42:13 AM

No relief here, prices jumped 15 cents/gal yesterday
Fencemaker
Champion Author Pittsburgh

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Message Posted: Sep 5, 2012 9:41:16 AM

Continues to rise here in Pittsburgh. Anything to see it drop would be good.
essel
Champion Author Virginia

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Message Posted: Sep 5, 2012 9:40:00 AM

ok
papou
Champion Author Tampa

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Message Posted: Sep 5, 2012 9:36:49 AM

The sooner the better
TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Sep 5, 2012 9:36:42 AM

We do need to see the price drop.
jetmech568
Champion Author Idaho

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Message Posted: Sep 5, 2012 9:35:49 AM

ok
biggyhy
Champion Author Milwaukee

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Message Posted: Sep 5, 2012 9:33:43 AM

ok
Heltonw
Champion Author Montana

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Message Posted: Sep 5, 2012 9:33:41 AM

Too much speculation with no real facts.
peanutsMN
Champion Author Twin Cities

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Message Posted: Sep 5, 2012 9:33:39 AM

old news but prices just went up here.
FocusST2
Champion Author North Carolina

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Message Posted: Sep 5, 2012 9:31:52 AM

Is that smoke being blown towards our fourth point of contact?
PTBpricer
Champion Author Virginia

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Message Posted: Sep 5, 2012 9:31:48 AM

Down 1 penny in the Richmond, VA area.
jjw0608
Champion Author Milwaukee

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Message Posted: Sep 5, 2012 9:31:43 AM

Good: maybe prices will come down.
Lizzylou
Champion Author Stockton

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Message Posted: Sep 5, 2012 9:31:17 AM

OLD NEWS
svspyda
Champion Author San Jose

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Message Posted: Sep 5, 2012 9:30:26 AM

old news
OOXXFF
Champion Author Greensboro

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Message Posted: Sep 5, 2012 9:30:15 AM

Gas prices are too high.
tcohio
Champion Author Dayton

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Message Posted: Sep 5, 2012 9:30:15 AM

no help from the current administration
Hillbilly1
Champion Author Austin

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Joined:Apr 2012
Message Posted: Sep 5, 2012 9:30:11 AM

ok
Don20
Champion Author Oklahoma City

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Joined:Mar 2005
Message Posted: Sep 5, 2012 9:30:00 AM

According to the Houston Chronicle most of the offshore oil and gas crews evacuated from the Gulf of Mexico ahead of Hurricane Isaac are back on the job, and the storm appears to have caused only minor damage to rigs and platforms, according to the initial federal reports...

Only minimum damage, the winds were only 80 mph. That is hurricane one...
esorsd
Champion Author St. Louis

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Message Posted: Sep 5, 2012 9:29:59 AM

Let's hope the recovery continues.
ethanol_is_bad
Sophomore Author Boise

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Joined:Oct 2011
Message Posted: Sep 5, 2012 9:29:54 AM

Gas prices don't follow trends and not a sole can predict them. Relief soon only means we have no idea what gasoline prices are going to look like 1 week from now.
hatterasjack
Champion Author South Carolina

Posts:1,993
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Joined:Sep 2007
Message Posted: Sep 5, 2012 9:29:06 AM

Already started to drop around here.
unicornpmb
Champion Author Buffalo

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Message Posted: Sep 5, 2012 9:28:44 AM

What recovery. Just have to restart. Should be no longer when they shut down.
chyguy3
Champion Author Wyoming

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Joined:Sep 2006
Message Posted: Sep 5, 2012 9:27:34 AM

Good, but there's more hurricanes coming, just wait and see.
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