Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:44 AM

GasBuddy News Article

54
votes
Heed the lessons of hurricanes past

GasBuddy Blog -- As tropical storm Isaac approaches Florida, its' timing is all too similar to Hurricane's Gustav and Ike, two storms that unexpectedly delivered extensive damage to the entire southeastern U.S. in late August and early September of another election year, 2008.

The two hurricanes pummeled much of the nation's oil refining infrastructure delivering widespread power losses throughout the southeast triggering gasoline price spikes and consumer anger. In Atlanta, for instance, by mid-September of 2008, that city saw the highest fuel prices ever recorded when regular gasoline spiked from $3.45 (pre-hurricanes) to an average of $4.30.

Damage from Ike was estimated at $37.6 billion making it the second most destructive U.S...


Read the Full Article

Submitted Aug 25, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Heed the lessons of hurricanes past Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,388
Points:2,095,765
Joined:Nov 2008
Message Posted: Sep 1, 2012 7:27:59 AM

My heart goes out to all in Isaac's path.
Profile Pic
1COR1533
Champion Author San Jose

Posts:3,891
Points:785,030
Joined:Jun 2012
Message Posted: Aug 31, 2012 10:27:20 PM

ok
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,388
Points:2,095,765
Joined:Nov 2008
Message Posted: Aug 31, 2012 5:07:40 AM

the main issue w/ the more recent hurricanes / TSs is their sheer size. Ever noticed how they've gotten bigger and bigger? It seems that in the past decade or two, the storms have grown to cover multiple states all at once, which, as Isaac has shown, can cause serious damage by sheer size / water uptake alone.
Profile Pic
1COR1533
Champion Author San Jose

Posts:3,891
Points:785,030
Joined:Jun 2012
Message Posted: Aug 30, 2012 8:31:35 PM

nice
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,388
Points:2,095,765
Joined:Nov 2008
Message Posted: Aug 30, 2012 5:06:02 AM

Seems like we're going through an August 2008 repeat... prices have spiked, except, thankfully, diesel isn't at $5 (just yet, but I won't hold my breath).
Profile Pic
Gma02
Rookie Author Fort Wayne

Posts:41
Points:15,955
Joined:Jun 2012
Message Posted: Aug 29, 2012 3:27:08 AM

I wish they only raised gas prices 5 cents; here it went up 30 cents.

Profile Pic
nogoatz
Rookie Author Ohio

Posts:35
Points:12,015
Joined:Feb 2011
Message Posted: Aug 28, 2012 8:30:09 AM

I need a full tank of fuel for my big get a way when Big Brother comes to collect my guns!
Profile Pic
Martinman
Champion Author Mississippi

Posts:16,984
Points:2,570,340
Joined:Sep 2005
Message Posted: Aug 27, 2012 8:56:46 PM

The lessons of hurricanes past is, that damage is a function of storm-strength. Literally dozens of Tropical Storms and hurricanes have both transited "the Oil patch" will little damage, with little impact.

But time after time, its the 'post-hurricane effects' that have their biggest impact.

Take 2005 - that very same year, just 7 weeks prior to Hurricane Katrina, Hurricane Cindy came ashore just west of where Katrina eventually would, crossing over New Orleans with litle fanfare:

Hurricane Cindy (03-07 Jul 05)

And in 2008, Tropical Storm Edouard came ashore near where Hurrricane Gustav would 5 weeks later, also without significant damage.

Tropical Storm Edouard (03-07 Jul 05)

Given the total number of oil & gas platforms, and coastal concentration of refineries, any Major Hurricane that makes landfall west of Mobile Alabama has the potential to cause damage.

And while all hurricanes leave behind some destruction in their wake, its just the really big ones, get our attention with one exception. So what is it that we have repeatedly failed to heed from the past?

(I guess you should have read the article..., ESPECIALLY - DougtheEconMan)

.
Profile Pic
retired23
Sophomore Author Oakland

Posts:237
Points:165,255
Joined:Mar 2012
Message Posted: Aug 27, 2012 7:52:32 PM

It's just human nature to panic........
Profile Pic
garywa01
Sophomore Author Alberta

Posts:202
Points:764,690
Joined:Jan 2012
Message Posted: Aug 27, 2012 4:54:56 PM

The worst we get in Alberta is the odd tornado.
Profile Pic
dynamouse
Champion Author Michigan

Posts:5,576
Points:2,030,405
Joined:Dec 2006
Message Posted: Aug 27, 2012 2:02:53 PM

ok
Profile Pic
boldrph
Champion Author Topeka

Posts:20,996
Points:3,934,720
Joined:Oct 2002
Message Posted: Aug 27, 2012 1:47:34 PM

?
Profile Pic
DougtheEconMan
Champion Author Akron

Posts:2,057
Points:316,430
Joined:Feb 2008
Message Posted: Aug 27, 2012 1:44:53 PM

KEEP YOUR GAS TANKS (and gas-cans) FULL!... I've been posting this for almost four weeks. The "pundits" have misjudged or totally missed the supply/demand situation of gasoline. We've had no fewer than six refineries that have gone down with emergency repairs in the last month. A pipeline went down in this time. High or HIGHER prices are probable for the next 4-6weeks! In addition to these current production problems, we have a possible storm disruption. Maybe bigger, the Federal Reserve will be announcing that they are ready to do whatever it takes to keep the economy from recession.* This will put immediate pressure on the Dollar which increases oil prices. Be smart! Stay full!

*Fed Chairman speaks this Friday in Jackson Hole, Wy, addressing the Fed Reserve Conference. All financial markets worldwide will be watching. Dollar/energy markets may be directly affected

Profile Pic
Tomeboy
Champion Author Twin Cities

Posts:6,065
Points:1,044,040
Joined:Apr 2009
Message Posted: Aug 27, 2012 1:36:58 PM


The National GasBuddy Oil and Gasoline Forecast Service has issued a HURRICANE WARNING!!

Hurricane Isaac is expected to create a "SPECULATOR STORM SURGE" in the coming days... triggering oil and gasoline price spikes. "Speculator Fears" will panic consumers and actually help cause fuel shortages in and around the storm damaged areas. Consumers may feel insecure and create a stampede to the gas stations and convenience stores.

Consumer anger is also forecast to follow the "Speculator Storm Surge."

GasBuddy Reporter PD in a plea to "Speculators" said; "If you do that (drive up oil and gasoline prices), you're helping to disrupt the conventional shipment schedule of the retailers and their distributors and, in turn, you'll be contributing directly to even greater retail fuel price spikes".

"Speculators... Don't become part of the problem"

So if you hear that the local gas station just raised prices by 5 cents a gallon, that doesn't mean you have to go into panic mode and go buy gas you don't need. Relax and remember it's the "Speculators" that are helping drive the prices up.

Don't lose your head like "Speculators" do. Stay calm and that will help keep any local or regional fuel supply problems to a minimum, instead of turning a little problem into a much bigger one that "Speculators" are known to do. (Note: I don't think Hurricane damage can be considered a little problem as PD put it).

Be Prepared... Be Safe... God Bless You... You are in our Prayers...

Profile Pic
regout
Champion Author Quebec

Posts:5,190
Points:1,312,980
Joined:May 2010
Message Posted: Aug 27, 2012 1:32:06 PM

Another reason to increase oil.
Profile Pic
DougtheEconMan
Champion Author Akron

Posts:2,057
Points:316,430
Joined:Feb 2008
Message Posted: Aug 27, 2012 1:29:13 PM

KEEP YOUR GAS TANKS (and gas-cans) FULL!... I've been posting this for almost four weeks. The "pundits" have misjudged or totally missed the supply/demand situation of gasoline. We've had no fewer than six refineries that have gone down with emergency repairs in the last month. A pipeline went down in this time. High or HIGHER prices are probable for the next 4-6weeks! In addition to these current production problems, we have a possible storm disruption. Maybe bigger, the Federal Reserve will be announcing that they are ready to do whatever it takes to keep the economy from recession.* This will put immediate pressure on the Dollar which increases oil prices. Be smart! Stay full!

*Fed Chairman speaks this Friday in Jackson Hole, Wy, addressing the Fed Reserve Conference. All financial markets worldwide will be watching. Dollar/energy markets may be directly affected

Profile Pic
fire@53
Champion Author Philadelphia

Posts:13,983
Points:3,233,125
Joined:May 2003
Message Posted: Aug 27, 2012 1:29:07 PM

Learning from the past is the best teacher.
Profile Pic
robaloma
Champion Author Houston

Posts:3,831
Points:1,119,405
Joined:Feb 2011
Message Posted: Aug 27, 2012 1:26:38 PM

ok
Profile Pic
manbig13
Champion Author Cleveland

Posts:1,431
Points:557,475
Joined:May 2011
Message Posted: Aug 27, 2012 1:23:50 PM

yeah, tell this to L
Profile Pic
RabunDog
Champion Author Georgia

Posts:3,068
Points:1,601,695
Joined:May 2009
Message Posted: Aug 27, 2012 1:19:09 PM

ok
Profile Pic
jpgilmor
Champion Author Houston

Posts:4,100
Points:1,068,720
Joined:Feb 2011
Message Posted: Aug 27, 2012 1:19:04 PM

Prepare and take shelter when necessary.
Profile Pic
TRAIN RIDER
Champion Author San Bernardino

Posts:11,330
Points:3,239,500
Joined:Oct 2004
Message Posted: Aug 27, 2012 1:18:20 PM

How many days are they going to post this?
Profile Pic
nauzad
Champion Author Las Vegas

Posts:1,427
Points:350,955
Joined:Mar 2010
Message Posted: Aug 27, 2012 1:17:04 PM

True. Stay calm.
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,558
Points:1,197,430
Joined:Jan 2011
Message Posted: Aug 27, 2012 1:14:35 PM

There will "NOT" be the same kind of media coverage this time, watch and see.
Profile Pic
DougtheEconMan
Champion Author Akron

Posts:2,057
Points:316,430
Joined:Feb 2008
Message Posted: Aug 27, 2012 1:13:22 PM

KEEP YOUR GAS TANKS (and gas-cans) FULL!... I've been posting this for almost four weeks. The "pundits" have misjudged or totally missed the supply/demand situation of gasoline. We've had no fewer than six refineries that have gone down with emergency repairs in the last month. A pipeline went down in this time. High or HIGHER prices are probable for the next 4-6weeks! In addition to these current production problems, we have a possible storm disruption. Maybe bigger, the Federal Reserve will be announcing that they are ready to do whatever it takes to keep the economy from recession.* This will put immediate pressure on the Dollar which increases oil prices. Be smart! Stay full!

*Fed Chairman speaks this Friday in Jackson Hole, Wy, addressing the Fed Reserve Conference. All financial markets worldwide will be watching. Dollar/energy markets may be directly affected

Profile Pic
1Casey
Champion Author Albany

Posts:8,593
Points:2,177,430
Joined:Jun 2004
Message Posted: Aug 27, 2012 1:13:14 PM

Br prepared.
Profile Pic
tomok
Champion Author Portland

Posts:42,447
Points:2,832,635
Joined:Aug 2006
Message Posted: Aug 27, 2012 1:12:59 PM

Maybe, Maybe Not!
You never know exactly where these hurricanes will go And what damage they will cause until it's been there and done that. If you've been in the 'hurricane zone' for any length of time, you know what to do. Extra supplies, fuel stocked up and ready to go if necessary.
The Ghost of Hurricanes Past? It's Not good to Mess with Mother Nature!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
Profile Pic
Red7002011
Champion Author Mississippi

Posts:5,612
Points:1,153,100
Joined:Jul 2011
Message Posted: Aug 27, 2012 1:11:58 PM

Really!
Profile Pic
smoketown
Champion Author Cincinnati

Posts:8,297
Points:1,843,130
Joined:Feb 2008
Message Posted: Aug 27, 2012 1:11:34 PM

As always........
Profile Pic
capt455
Champion Author North Carolina

Posts:1,510
Points:927,425
Joined:May 2007
Message Posted: Aug 27, 2012 1:10:41 PM

After Ike, we had nearly zero gasoline for a week here in Western NC. Huge lines when a station did get a rare delivery. We have one vehicle that runs on biodiesel, so no worries for us.
Profile Pic
slowpoke63
Champion Author Louisiana

Posts:4,573
Points:1,268,270
Joined:Jul 2009
Message Posted: Aug 27, 2012 1:09:35 PM

ok
Profile Pic
driveonby1
Champion Author Toledo

Posts:2,078
Points:403,535
Joined:Jun 2007
Message Posted: Aug 27, 2012 1:09:13 PM

Time to stick our heads in the sand, before we're forced to do so. Right, Obama?
Profile Pic
RADIOCANADA499
Champion Author Ontario

Posts:4,629
Points:1,262,685
Joined:Aug 2005
Message Posted: Aug 27, 2012 1:07:33 PM

ok
Profile Pic
Gasazhunter
Champion Author Phoenix

Posts:6,411
Points:1,492,070
Joined:May 2010
Message Posted: Aug 27, 2012 1:07:19 PM

Ya.
Profile Pic
misuds
All-Star Author New Haven

Posts:903
Points:638,090
Joined:Mar 2006
Message Posted: Aug 27, 2012 1:06:53 PM

Remember if you mess with mother nature you will lose.Stupid does hurt !
Profile Pic
oldiesman
Champion Author New York

Posts:8,556
Points:2,654,220
Joined:May 2006
Message Posted: Aug 27, 2012 1:06:46 PM

Always do.
Profile Pic
marsbars
Champion Author Alaska

Posts:3,506
Points:1,376,595
Joined:Sep 2006
Message Posted: Aug 27, 2012 1:06:03 PM

Got it.
Profile Pic
LuckyD43
Champion Author Long Island

Posts:40,661
Points:2,639,555
Joined:Apr 2005
Message Posted: Aug 27, 2012 1:05:10 PM

Enough with the stormaggedon. We got the message already. No need to print the article more than once.
Profile Pic
boatmen
Champion Author New York

Posts:4,910
Points:1,026,095
Joined:Jan 2011
Message Posted: Aug 27, 2012 1:05:01 PM

3 days nice PD
Profile Pic
cbuck80
Champion Author Massachusetts

Posts:2,690
Points:801,130
Joined:Jan 2012
Message Posted: Aug 27, 2012 1:04:06 PM

yes evacuate when they tell you too
Profile Pic
Bud122CA
Champion Author California

Posts:9,270
Points:2,060,995
Joined:Jul 2008
Message Posted: Aug 27, 2012 1:02:01 PM

All kinds of "things" happen both on land and at sea. We must prepair and work it out
Profile Pic
LostAgain2009
Champion Author New Mexico

Posts:3,448
Points:989,715
Joined:Apr 2009
Message Posted: Aug 27, 2012 1:01:10 PM

Maybe it will at least kick some moisture up to the Midwest
Profile Pic
Goofoff
Champion Author Virginia

Posts:11,882
Points:2,177,200
Joined:Aug 2006
Message Posted: Aug 27, 2012 12:58:23 PM

Okay
Profile Pic
NashGas
Champion Author Nashville

Posts:3,564
Points:835,255
Joined:Dec 2009
Message Posted: Aug 27, 2012 12:55:00 PM

End tax breaks for all companies and let Capitalism play out on an even field.
Profile Pic
Go_E85
Champion Author Orange County

Posts:4,783
Points:297,815
Joined:Dec 2007
Message Posted: Aug 27, 2012 12:54:44 PM

...
Profile Pic
NGEFE
All-Star Author Provo

Posts:547
Points:839,540
Joined:Jun 2011
Message Posted: Aug 27, 2012 12:51:53 PM

I think the oil rigs don't want to lose any more than they have to!
Profile Pic
adadaly
Sophomore Author Utah

Posts:143
Points:853,415
Joined:Jan 2009
Message Posted: Aug 27, 2012 12:49:22 PM

Mother nature's timing isn't a priority to her
Profile Pic
Blondie22OH
Champion Author Cincinnati

Posts:2,350
Points:608,650
Joined:Feb 2012
Message Posted: Aug 27, 2012 12:45:00 PM

They its coming, they should be ready for it.
Profile Pic
JLSindy
Champion Author Cleveland

Posts:5,275
Points:1,134,075
Joined:Aug 2005
Message Posted: Aug 27, 2012 12:44:29 PM

I agree with most of what everyone says.
Profile Pic
Crumbfel
Champion Author Virginia

Posts:11,554
Points:2,161,235
Joined:Aug 2006
Message Posted: Aug 27, 2012 12:44:27 PM

Greed
Post a reply Back to Topics