Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:49 PM

GasBuddy News Article

45
votes
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...


Read the Full Article

Submitted Sep 04, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Gulf Coast refineries progress toward recovery Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,390
Points:2,296,690
Joined:Nov 2008
Message Posted: Sep 6, 2012 11:10:09 PM

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

Posts:4,820
Points:1,141,350
Joined:Apr 2011
Message Posted: Sep 6, 2012 7:29:09 AM

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

Posts:10,621
Points:2,226,185
Joined:Nov 2008
Message Posted: Sep 6, 2012 5:37:06 AM

The sooner the better.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,637
Points:1,261,380
Joined:Sep 2011
Message Posted: Sep 5, 2012 1:11:48 PM

old post.
Profile Pic
Catfish93001
Champion Author Ventura

Posts:1,318
Points:335,690
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."
Profile Pic
TonyPSU
Champion Author Cleveland

Posts:5,219
Points:1,344,940
Joined:May 2011
Message Posted: Sep 5, 2012 11:19:47 AM

hurry
Profile Pic
hok
Champion Author Los Angeles

Posts:2,930
Points:1,631,875
Joined:May 2008
Message Posted: Sep 5, 2012 10:58:34 AM

Profile Pic
nskmda
Champion Author Grand Rapids

Posts:1,933
Points:897,570
Joined:May 2007
Message Posted: Sep 5, 2012 10:56:22 AM

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

Posts:6,522
Points:1,932,345
Joined:Sep 2003
Message Posted: Sep 5, 2012 10:38:55 AM

Why does recovery take so long?
Profile Pic
MTPokts
Champion Author Indianapolis

Posts:2,710
Points:1,194,025
Joined:Jul 2008
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.
Profile Pic
PizzaMon
Champion Author Philadelphia

Posts:6,809
Points:2,516,905
Joined:Jun 2006
Message Posted: Sep 5, 2012 10:18:29 AM

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

Posts:11,875
Points:2,650,845
Joined:Dec 2005
Message Posted: Sep 5, 2012 10:17:39 AM

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

Posts:10,596
Points:2,280,430
Joined:Jul 2008
Message Posted: Sep 5, 2012 10:13:21 AM

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

Posts:5,101
Points:1,524,895
Joined:Aug 2008
Message Posted: Sep 5, 2012 10:11:53 AM

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

Posts:4,333
Points:1,062,310
Joined:Jun 2011
Message Posted: Sep 5, 2012 10:01:54 AM

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

Posts:1,364
Points:1,298,045
Joined:Sep 2005
Message Posted: Sep 5, 2012 10:00:38 AM

Read yesterday.
Profile Pic
dacofa
Champion Author Nevada

Posts:5,551
Points:1,226,530
Joined:Jan 2010
Message Posted: Sep 5, 2012 9:56:18 AM

Greed on it's way.
Profile Pic
Emmamae1
Champion Author Illinois

Posts:6,098
Points:1,274,265
Joined:Oct 2011
Message Posted: Sep 5, 2012 9:52:35 AM

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

Posts:5,112
Points:2,200,115
Joined:Jul 2006
Message Posted: Sep 5, 2012 9:50:12 AM

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

Posts:543
Points:1,970,470
Joined:Apr 2008
Message Posted: Sep 5, 2012 9:49:00 AM

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

Posts:1,883
Points:805,900
Joined:Aug 2012
Message Posted: Sep 5, 2012 9:48:04 AM

ok
Profile Pic
puinsai808
Champion Author Honolulu

Posts:6,379
Points:1,403,585
Joined:May 2011
Message Posted: Sep 5, 2012 9:47:51 AM

old
Profile Pic
Settjec
Champion Author Little Rock

Posts:4,813
Points:1,356,945
Joined:May 2010
Message Posted: Sep 5, 2012 9:47:25 AM

Recovery my southside
Profile Pic
Donliberty
Champion Author New York

Posts:4,415
Points:1,334,035
Joined:Apr 2011
Message Posted: Sep 5, 2012 9:44:58 AM

ok
Profile Pic
NealAZ
Champion Author Arizona

Posts:1,691
Points:634,245
Joined:Apr 2011
Message Posted: Sep 5, 2012 9:44:03 AM

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

Posts:8,518
Points:1,367,835
Joined:Mar 2008
Message Posted: Sep 5, 2012 9:43:55 AM

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

Posts:8,645
Points:1,828,010
Joined:Jan 2010
Message Posted: Sep 5, 2012 9:43:49 AM

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

Posts:4,661
Points:1,038,865
Joined:Oct 2011
Message Posted: Sep 5, 2012 9:42:20 AM

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

Posts:1,433
Points:158,135
Joined:Jan 2005
Message Posted: Sep 5, 2012 9:42:13 AM

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

Posts:3,526
Points:1,185,820
Joined:Sep 2006
Message Posted: Sep 5, 2012 9:41:16 AM

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

Posts:5,304
Points:1,674,540
Joined:Nov 2007
Message Posted: Sep 5, 2012 9:40:00 AM

ok
Profile Pic
papou
Champion Author Tampa

Posts:13,633
Points:2,568,170
Joined:Jul 2005
Message Posted: Sep 5, 2012 9:36:49 AM

The sooner the better
Profile Pic
TRAIN RIDER
Champion Author San Bernardino

Posts:11,934
Points:3,440,405
Joined:Oct 2004
Message Posted: Sep 5, 2012 9:36:42 AM

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

Posts:3,569
Points:1,296,940
Joined:Apr 2011
Message Posted: Sep 5, 2012 9:35:49 AM

ok
Profile Pic
biggyhy
Champion Author Milwaukee

Posts:3,165
Points:1,061,130
Joined:Sep 2011
Message Posted: Sep 5, 2012 9:33:43 AM

ok
Profile Pic
Heltonw
Champion Author Montana

Posts:6,174
Points:2,345,270
Joined:Dec 2007
Message Posted: Sep 5, 2012 9:33:41 AM

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

Posts:4,037
Points:960,355
Joined:Jul 2011
Message Posted: Sep 5, 2012 9:33:39 AM

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

Posts:10,697
Points:2,045,870
Joined:Jul 2009
Message Posted: Sep 5, 2012 9:31:52 AM

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

Posts:6,442
Points:628,295
Joined:Jun 2012
Message Posted: Sep 5, 2012 9:31:48 AM

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

Posts:9,298
Points:2,257,300
Joined:Nov 2005
Message Posted: Sep 5, 2012 9:31:43 AM

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

Posts:8,818
Points:2,357,285
Joined:Oct 2005
Message Posted: Sep 5, 2012 9:31:17 AM

OLD NEWS
Profile Pic
svspyda
Champion Author San Jose

Posts:2,605
Points:611,600
Joined:May 2012
Message Posted: Sep 5, 2012 9:30:26 AM

old news
Profile Pic
OOXXFF
Champion Author Greensboro

Posts:5,886
Points:1,759,055
Joined:Sep 2009
Message Posted: Sep 5, 2012 9:30:15 AM

Gas prices are too high.
Profile Pic
tcohio
Champion Author Dayton

Posts:2,861
Points:871,975
Joined:Oct 2008
Message Posted: Sep 5, 2012 9:30:15 AM

no help from the current administration
Profile Pic
Hillbilly1
Champion Author Austin

Posts:1,171
Points:311,520
Joined:Apr 2012
Message Posted: Sep 5, 2012 9:30:11 AM

ok
Profile Pic
Don20
Champion Author Oklahoma City

Posts:12,517
Points:3,291,185
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...
Profile Pic
esorsd
Champion Author St. Louis

Posts:8,459
Points:2,316,865
Joined:May 2005
Message Posted: Sep 5, 2012 9:29:59 AM

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

Posts:242
Points:146,660
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.
Profile Pic
hatterasjack
Champion Author South Carolina

Posts:1,923
Points:1,239,245
Joined:Sep 2007
Message Posted: Sep 5, 2012 9:29:06 AM

Already started to drop around here.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:11,369
Points:2,316,420
Joined:Sep 2005
Message Posted: Sep 5, 2012 9:28:44 AM

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

Posts:2,855
Points:940,240
Joined:Sep 2006
Message Posted: Sep 5, 2012 9:27:34 AM

Good, but there's more hurricanes coming, just wait and see.
Post a reply Back to Topics