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*Notice* East coast gas shortage imminent - 9/16/16

16K views 138 replies 73 participants last post by  cdevidal  
#1 · (Edited by Moderator)
#15 ·
The price the pipeline company is going to pay for the spill, I kinda doubt it was intentional. Refiners in Houston will take a hit, because they can't ship product. Only people I can see making out immediately will be East Coast distributors; they can jack prices to the retailers for product they paid the normal rate for. But not much, since there are numerous refineries on the East Coast which are supplied with crude by rail from the Bakken fields, or by tanker from Venezuela or the Middle East. THOSE refineries will get a small bump, but it won't last. That pipeline is going back in service in a week, so they say.

Would be interesting to see exactly which distributors were serviced by that pipeline. The retail areas they serve will see the biggest jump in retail prices, because product will have to be trucked from other distributors.
 
#7 · (Edited by Moderator)
Pipeline broke in Alabama and will affect I-95 corridor from Maine to Florida, says shortage will last a week or so. Time to top off the tanks.

http://www.shtfplan.com/headline-news/east-coast-alert-gas-shortages-and-price-spikes-imminent-some-stations-may-run-out_09162016

A massive pipeline leak in Alabama is threatening widespread gas shortages and significant price hikes on the East Coast of the United States. Though the leak reportedly poses no danger to the public, officials say it stands to affect drivers all along the I-95 corridor from Florida to Maine.

According to reports, the leak will likely start affecting drivers in the nearby states of Georgia, Tennessee, North Carolina and South Carolina within a matter of hours and may spread in coming days. Colonial Pipeline Co., which transports some 40% of the gas along the I-95 corridor says at least 250,000 gallons of gasoline have already been lost.

Senior petroleum analyst Patrick DeHaan warned that some stations may run out as primary gasoline transportation shipping routes along the East coast have been temporarily closed.
 
#9 ·
Ah, took me a minute, but they are talking about gasoline. When you said "gas", I thought you meant "natural gas", which is what I normally associate with pipelines.

People don't understand how fragile and vulnerable the infrastructure really is. I have always heard that something like 85% of the natural gas consumed in the Northeast runs through a single manifold in East Texas somewhere. I have heard that more than once from people in the industry, too.
 
#11 ·
twice over the past decade, we've experienced major gas shortages due to events impacting the Colonial.

in every case i've been the guy with spare fuel while others weren't able to get to work, and long lines of angry drivers piled out into the streets at gas stations.

this time will be no different...but i appreciate the heads up.. will top off on the way home and then the other vehicals will get a fill up this evening..it'll be 4 days into pump bags before the average sheeple in Charlotte area wakes up to the problem and the media reports are crying about it.
 
#14 ·
Up here where I live, in the Upper Rust Belt, there is a pipeline which transports ALL gasoline from southern WI to upper WI. It closed down a few months ago, after they "inspected" it, and said, Well, it needs work, but we do not know when it will reopen. The pipe is 61 years old. It is stilll closed, resulting in a 20 to 30 cent increase in pump prices over southern WI. Now, trucks have to haul all gas to the terminal in Green Bay, at a much higher cost due to transportation. Governor Scott Walker even signed an emergency law stating truck drivers could drive extended hours to meet demand.
So far, gas went down about 5cents this summer, presently. The pipeline is still shut off, AFAIK, and we still have gas.
My point is, ...see how VULNERABLE we all are and relying on ancient infrastructure to just stay afloat?
BTW- its $2.18 today here.
 
#16 ·
East coast gas shortage coming soon.

Seems like the Colonial pipeline sprung a leak somewhere in Alabama and it's been down since September 9th. So with that being said the forecast is that the pipeline won't be back up and running sometime after September 20th or later. Then it takes over a week for the gasoline in the pipeline to start reaching the mid section of the pipeline.
Gas tanker ships are being sent from Texas to New York to help ease the shortage.
So stock up, there's going to be a little gas shortage.

http://money.cnn.com/2016/09/16/investing/gasoline-prices-shortage-pipeline-leak/index.html






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#21 ·
That raises in interesting question. 25 years ago when I lived in Rhode Island all the gas at the BP stations came from a Saudi refinery. Maybe other retailers, too. I wonder if that's still true.

It's not too much of a secret that the big name retailers sell gas that didn't necessarily go through their own refineries. So what you pump into your tank at a Shell or Sunoco station may have been refined by Phillips 66 or Marathon. Or, on the east coast, Aramco or Venezuela.
 
#23 ·
CNN: East Coast gas shortages, price hikes after leak, 50 million possibly affected

Expected to take about another week to wrap up.

http://money.cnn.com/2016/09/16/investing/gasoline-prices-shortage-pipeline-leak/

Long lines in Nashville:
http://abcnews.go.com/US/states-facing-gas-shortages-colonial-pipeline-spill/story?id=42153670

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Also affects diesel, as they had to use the parallel smaller pipeline usually used for diesel to pump gasoline.

http://www.fuelsnews.com/mansfield-supply-alert-colonial-pipeline-outage-red-alert/

Additionally, supply issues now are expected in the Midwest because of the unplanned outage at the BP Whiting refinery.

http://www.fuelsnews.com/weekly-price-review-20/


Here are U.S. pipelines. If you are not on the affected pipeline but on an adjacent one, or in the MidWest, you could be impacted as supplies get re-routed to the affected areas. Expect price hikes at the very least.

The broken pipeline is C22 in the map.

Image
 
#25 ·
My personal take: This is not doom yet. This is yellow alert.

If there are more refineries and pipelines taken offline, that's a good reason to be concerned. But for now, the trucks have been given permission to run overtime. They'll pull in diesel and gasoline from other pipelines. Possibly some food shortages on some of the shelves as a few trucks don't run and/or people panic. Not expecting entire grocery stores to empty.

But give it a few weeks and life will be back to normal.

Still... why chance it? I'm topping off every time I can. I've already got some cans ready to go, with stabilizer in them.

Why not do the same? It doesn't cost any more to keep the car's tank topped off, and cans are about $15 each, filled with fuel you'd use anyway. Pri-G makes an excellent stabilizer:
https://www.amazon.com/PRI-G-Fuel-Stabilizer-PRI-G-16-16/dp/B0000AXY97
 
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#29 ·
I haven't noticed gas prices climbing in CT. With the excessive state tax added to a gallon, I've kind of become blind to it. But I gassed up at Costco last time and it was 2.09/gal.

But I need gas and normally don't pay much attention to the price. It's just a thing we deal with. The current prices beat the 3.89/gal we paid a short while back.