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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
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 1, 2012 7:27:59 AM

My heart goes out to all in Isaac's path.
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1COR1533
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Message Posted: Aug 31, 2012 10:27:20 PM

ok
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honda0105
Champion Author Tallahassee

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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.
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1COR1533
Champion Author San Jose

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Message Posted: Aug 30, 2012 8:31:35 PM

nice
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honda0105
Champion Author Tallahassee

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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).
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Gma02
Rookie Author Fort Wayne

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Message Posted: Aug 29, 2012 3:27:08 AM

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

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nogoatz
Rookie Author Ohio

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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!
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Martinman
Champion Author Mississippi

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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)

.
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retired23
Sophomore Author Oakland

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Message Posted: Aug 27, 2012 7:52:32 PM

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

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Message Posted: Aug 27, 2012 4:54:56 PM

The worst we get in Alberta is the odd tornado.
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dynamouse
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Message Posted: Aug 27, 2012 2:02:53 PM

ok
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boldrph
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Message Posted: Aug 27, 2012 1:47:34 PM

?
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DougtheEconMan
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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

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Tomeboy
Champion Author Twin Cities

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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...

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regout
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Message Posted: Aug 27, 2012 1:32:06 PM

Another reason to increase oil.
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DougtheEconMan
Champion Author Akron

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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

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fire@53
Champion Author Philadelphia

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Message Posted: Aug 27, 2012 1:29:07 PM

Learning from the past is the best teacher.
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robaloma
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Message Posted: Aug 27, 2012 1:26:38 PM

ok
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manbig13
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Message Posted: Aug 27, 2012 1:23:50 PM

yeah, tell this to L
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RabunDog
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Message Posted: Aug 27, 2012 1:19:09 PM

ok
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jpgilmor
Champion Author Houston

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Message Posted: Aug 27, 2012 1:19:04 PM

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

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Message Posted: Aug 27, 2012 1:18:20 PM

How many days are they going to post this?
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nauzad
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Message Posted: Aug 27, 2012 1:17:04 PM

True. Stay calm.
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SpankyMI
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Message Posted: Aug 27, 2012 1:14:35 PM

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

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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

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1Casey
Champion Author Albany

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Message Posted: Aug 27, 2012 1:13:14 PM

Br prepared.
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tomok
Champion Author Portland

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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!
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Red7002011
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Message Posted: Aug 27, 2012 1:11:58 PM

Really!
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smoketown
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Message Posted: Aug 27, 2012 1:11:34 PM

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

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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.
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slowpoke63
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Message Posted: Aug 27, 2012 1:09:35 PM

ok
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driveonby1
Champion Author Toledo

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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?
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RADIOCANADA499
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Message Posted: Aug 27, 2012 1:07:33 PM

ok
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Gasazhunter
Champion Author Phoenix

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Message Posted: Aug 27, 2012 1:07:19 PM

Ya.
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misuds
All-Star Author New Haven

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Message Posted: Aug 27, 2012 1:06:53 PM

Remember if you mess with mother nature you will lose.Stupid does hurt !
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oldiesman
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Message Posted: Aug 27, 2012 1:06:46 PM

Always do.
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marsbars
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Message Posted: Aug 27, 2012 1:06:03 PM

Got it.
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LuckyD43
Champion Author Long Island

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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.
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boatmen
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Message Posted: Aug 27, 2012 1:05:01 PM

3 days nice PD
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cbuck80
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Message Posted: Aug 27, 2012 1:04:06 PM

yes evacuate when they tell you too
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Bud122CA
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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
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LostAgain2009
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Message Posted: Aug 27, 2012 1:01:10 PM

Maybe it will at least kick some moisture up to the Midwest
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Goofoff
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Message Posted: Aug 27, 2012 12:58:23 PM

Okay
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NashGas
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Message Posted: Aug 27, 2012 12:55:00 PM

End tax breaks for all companies and let Capitalism play out on an even field.
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Go_E85
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Message Posted: Aug 27, 2012 12:54:44 PM

...
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NGEFE
All-Star Author Provo

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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!
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adadaly
Sophomore Author Utah

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Message Posted: Aug 27, 2012 12:49:22 PM

Mother nature's timing isn't a priority to her
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Blondie22OH
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Message Posted: Aug 27, 2012 12:45:00 PM

They its coming, they should be ready for it.
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JLSindy
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Message Posted: Aug 27, 2012 12:44:29 PM

I agree with most of what everyone says.
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Crumbfel
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Message Posted: Aug 27, 2012 12:44:27 PM

Greed
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