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Isaac changes course, sets sight on oil-rich Gulf

GasBuddy Blog -- The hurricane track for Isaac continued to move westward over the weekend, with the storm headed directly for the oil-rich Gulf of Mexico, and with it come possibly refinery shutdowns and rig outages. Motorists should prepare for temporary gasoline prices especially in the Gulf- Louisiana, Alabama, Mississippi, and other areas the storm may affect.

We're hearing of some refineries that will likely close their plants out of caution, and dozens of significant Gulf oil and natural gas rigs have already been evacuated. As of Monday morning, 25% of the daily production of oil capacity has been shut in the Gulf.

While the Gulf area may see the worst of the gas price spikes, the entire nation may be affected, with wholesale gasoline...

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Submitted Aug 27, 2012 By: PD

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txrojo2005 All-Star Author Austin Posts:761 Points:476,180 Joined:May 2011	Message Posted: Aug 29, 2012 12:38:57 PM Ignore txrojo2005 Report Abuse My cars are topped off. I know your not supposed to do that.
FNB1967 Champion Author Ontario Posts:1,812 Points:762,120 Joined:Jan 2011	Message Posted: Aug 29, 2012 7:23:37 AM Ignore FNB1967 Report Abuse It's going to hurt at the pumps
BluWahoo Champion Author Pensacola Posts:3,092 Points:375,915 Joined:Mar 2012	Message Posted: Aug 28, 2012 4:48:46 PM Ignore BluWahoo Report Abuse My gas cans and cars are filled...stations out of gas at this time will refill in a few days. Isaac has brought tornadoes, high wind gusts, twisted trees, blowing debris and a storm surge causing flooding. Hate it for those West of here but hopefully the cities facing drought will get some relief. I have posted some photos TS Isaac "Calm before the storm". Take a look if you wish to.
sparky808 Champion Author Honolulu Posts:2,981 Points:594,810 Joined:Sep 2011	Message Posted: Aug 28, 2012 10:28:09 AM Ignore sparky808 Report Abuse Thank you for posting.
hok Champion Author Los Angeles Posts:1,370 Points:1,003,720 Joined:May 2008	Message Posted: Aug 28, 2012 9:20:50 AM Ignore hok Report Abuse √
AnObserver Champion Author New Jersey Posts:8,339 Points:2,254,755 Joined:Sep 2005	Message Posted: Aug 28, 2012 6:36:27 AM Ignore AnObserver Report Abuse "oil rich Gulf" - is that what is left over from the BP spill?
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 28, 2012 6:16:21 AM Ignore DougtheEconMan Report Abuse KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
albert2008 Champion Author Winnipeg Posts:7,332 Points:1,477,010 Joined:Sep 2008	Message Posted: Aug 28, 2012 6:15:42 AM Ignore albert2008 Report Abuse not nice
TheMeltz Champion Author Maryland Posts:2,169 Points:638,200 Joined:Feb 2009	Message Posted: Aug 28, 2012 5:52:50 AM Ignore TheMeltz Report Abuse be safe.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 28, 2012 5:45:22 AM Ignore DougtheEconMan Report Abuse KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
Tnerbeel Champion Author Houston Posts:8,804 Points:1,744,835 Joined:Mar 2007	Message Posted: Aug 28, 2012 5:42:44 AM Ignore Tnerbeel Report Abuse One thing about hurricanes and gas prices...any affect is temporary.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 28, 2012 5:30:33 AM Ignore DougtheEconMan Report Abuse KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
METEOR49 Champion Author Ontario Posts:2,152 Points:451,225 Joined:Apr 2011	Message Posted: Aug 28, 2012 5:22:16 AM Ignore METEOR49 Report Abuse this storm shouldn't affect canadian prices but you can be sure pig oil will find a way to make sure it does . we need a viable alternative so we can tell them to take a hike .
FPLREP Champion Author Virginia Posts:8,243 Points:2,444,290 Joined:Oct 2005	Message Posted: Aug 28, 2012 5:14:39 AM Ignore FPLREP Report Abuse A minor blip at worst... the biggest damage will come from the speculators on wall street driving up gas prices.
Wierbe Champion Author Cincinnati Posts:3,732 Points:1,115,115 Joined:Apr 2006	Message Posted: Aug 28, 2012 5:14:17 AM Ignore Wierbe Report Abuse "the entire nation may be affected..." MAY be affected? Of course we will all be affected.
DutchTreatMI Champion Author Grand Rapids Posts:3,295 Points:747,915 Joined:Mar 2011	Message Posted: Aug 28, 2012 5:13:35 AM Ignore DutchTreatMI Report Abuse Hope for the best for the Gulf Coast Region. But it is wrong to speculate gas prices higher before any damage is reported.
Wildman14 Champion Author Virginia Posts:3,675 Points:834,905 Joined:Jul 2008	Message Posted: Aug 28, 2012 5:12:52 AM Ignore Wildman14 Report Abuse @85XJ prices will go up if a Saudi sheik gets a boil on his backside.
WILDCAT112 All-Star Author South Carolina Posts:902 Points:175,450 Joined:Aug 2012	Message Posted: Aug 28, 2012 5:12:00 AM Ignore WILDCAT112 Report Abuse I do not think our money can out last the gouging
85XJ Champion Author Toledo Posts:5,577 Points:1,276,765 Joined:Mar 2005	Message Posted: Aug 28, 2012 5:10:41 AM Ignore 85XJ Report Abuse Prices will not go up because of Isaac - they'll go up because it's a holiday weekend.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 28, 2012 5:08:24 AM Ignore DougtheEconMan Report Abuse KEEP YOUR GAS TANKS (and gas-cans)FULL!...I've been posting this for four weeks or so. The so-called "pundits" have totally missed the supply/demand condition of gasoline. Nothing has changed. Six or seven refineries down due to emergency repairs throughout the MidWest, Ok and Calif, plus a pipeline. We now have a large tropical storm that may disrupt more refineries. On top of all this, all eyes will be on Ben Bernanke speech this Friday. If he announces further stimulus to the economy, the dollar will be pressured down which tends to raise energy prices... BE SMART! STAY FULL!! Gas prices are up close to 70cents since my first post.
Gas_Buzzer Champion Author South Carolina Posts:14,137 Points:2,590,365 Joined:Sep 2005	Message Posted: Aug 28, 2012 5:06:20 AM Ignore Gas_Buzzer Report Abuse Yeah, where all the foreigners can drill but where Barry "Big Ears" (Big Liar) Hussein Obammie has shut down US development.
Cruiser340 Champion Author Grand Rapids Posts:12,732 Points:2,789,740 Joined:May 2004	Message Posted: Aug 28, 2012 5:06:15 AM Ignore Cruiser340 Report Abuse Don't forget the mid-west, they will use any excuse to pick our pockets.
justme48 Champion Author New Jersey Posts:2,500 Points:507,570 Joined:Jun 2011	Message Posted: Aug 28, 2012 5:05:39 AM Ignore justme48 Report Abuse The speculators on wall street will love this article.
badbonita Champion Author Syracuse Posts:6,204 Points:1,349,710 Joined:Jul 2008	Message Posted: Aug 28, 2012 5:05:33 AM Ignore badbonita Report Abuse The Gulf area is going to be impacted far harder than any of the other areas because at least, we still have access to refilling of our stations. As Isaac comes closer to landfall, companies are not going to want to endanger their drivers in order to deliver fuel into the projected areas. We'll deal with the impact on prices. Hope everyone that was able to evacuate got out. And everyone that had to stay - stays safe.
fieldt Champion Author Lansing Posts:3,910 Points:725,500 Joined:Mar 2011	Message Posted: Aug 28, 2012 5:04:15 AM Ignore fieldt Report Abuse Here it comes.
CivicMA Champion Author Boston Posts:1,877 Points:531,195 Joined:Jun 2011	Message Posted: Aug 28, 2012 5:03:46 AM Ignore CivicMA Report Abuse Make everything safe, evacuate what needs to be evacuated and hope for the best. However, major price gouging here we go. If it hits with any force, I predict probably $4.25 gas before long in most parts of the US. Eventual fall-back might be to $4.00 as the new "low"!
Drill4Petro Champion Author Illinois Posts:4,066 Points:1,011,185 Joined:May 2010	Message Posted: Aug 28, 2012 5:03:38 AM Ignore Drill4Petro Report Abuse Tank up now.
Beboper Champion Author Virginia Posts:8,707 Points:2,159,790 Joined:Oct 2005	Message Posted: Aug 28, 2012 5:03:22 AM Ignore Beboper Report Abuse old news
GasholeMI Champion Author Lansing Posts:10,119 Points:1,714,290 Joined:Jul 2008	Message Posted: Aug 28, 2012 5:02:22 AM Ignore GasholeMI Report Abuse This will effect prices in the north as well--just because it can.
beohbeNJ Champion Author New Jersey Posts:2,027 Points:530,430 Joined:Sep 2011	Message Posted: Aug 28, 2012 5:01:32 AM Ignore beohbeNJ Report Abuse I worry more for the people in harms way than I do for any gas spikes. I hope the Army engineers did a good job in New Orleans.
ricoblanco Champion Author Chicago Posts:1,568 Points:355,880 Joined:May 2012	Message Posted: Aug 28, 2012 5:00:58 AM Ignore ricoblanco Report Abuse Uh oh
sramroop Champion Author Birmingham Posts:3,297 Points:735,855 Joined:Jul 2010	Message Posted: Aug 28, 2012 5:00:27 AM Ignore sramroop Report Abuse Yikes...higher gas prices
pnd1 Champion Author Tallahassee Posts:5,201 Points:1,065,110 Joined:Jul 2009	Message Posted: Aug 28, 2012 5:00:01 AM Ignore pnd1 Report Abuse Gas stations are very quick to raise prices, based on what they think will happen instead of the price they have to pay. This is called price gouging and is illegal, at least in the state of Florida. However, it is often hard to prove and when it is proven the stations usually just get a slap on the wrist in the form of a small fine that never seems to make it back to the people that actually were gouged by the high prices.
Chas58 All-Star Author Detroit Posts:948 Points:281,195 Joined:Mar 2011	Message Posted: Aug 28, 2012 4:59:42 AM Ignore Chas58 Report Abuse k
WestMichigan Champion Author Grand Rapids Posts:2,463 Points:551,065 Joined:Mar 2011	Message Posted: Aug 28, 2012 4:59:14 AM Ignore WestMichigan Report Abuse Fortunately they have upgraded several platforms since the last hurricane.
Gman2011MI Champion Author Michigan Posts:1,988 Points:414,670 Joined:Apr 2011	Message Posted: Aug 28, 2012 4:59:11 AM Ignore Gman2011MI Report Abuse just another fricken reason to raise price again...............
ILVET Champion Author Illinois Posts:14,774 Points:2,921,615 Joined:Jan 2005	Message Posted: Aug 28, 2012 4:59:08 AM Ignore ILVET Report Abuse Here we go
eswi Champion Author Madison Posts:2,520 Points:679,155 Joined:Mar 2009	Message Posted: Aug 28, 2012 4:58:47 AM Ignore eswi Report Abuse OK
curlypooh Champion Author New Jersey Posts:11,145 Points:2,001,795 Joined:Apr 2007	Message Posted: Aug 28, 2012 4:57:57 AM Ignore curlypooh Report Abuse ok
krzysiek_ck Champion Author Illinois Posts:5,307 Points:725,135 Joined:Apr 2011	Message Posted: Aug 28, 2012 4:57:55 AM Ignore krzysiek_ck Report Abuse Any news is good enough for Big Oil Greed to raise the prices.
Elaine4411 Champion Author Pennsylvania Posts:1,633 Points:459,565 Joined:Dec 2011	Message Posted: Aug 28, 2012 4:57:28 AM Ignore Elaine4411 Report Abuse And....the prices keep going up, up, up!!!
M8trix4 Champion Author New York Posts:1,338 Points:630,515 Joined:May 2011	Message Posted: Aug 28, 2012 4:57:01 AM Ignore M8trix4 Report Abuse If you drill in a Hurricane prone location wouldn't it be smart to stockpile b4 the season to avoid shortfalls? Possibly store the reserve in tankers that can be relocated to another area? Nope...let's just shutdown and jack the pump price to cover the loss...
roland1971 Champion Author Virginia Posts:1,489 Points:326,585 Joined:Mar 2012	Message Posted: Aug 28, 2012 4:56:39 AM Ignore roland1971 Report Abuse ok
TANGOTANGO Champion Author Toronto Posts:1,151 Points:355,780 Joined:Mar 2011	Message Posted: Aug 28, 2012 4:56:34 AM Ignore TANGOTANGO Report Abuse Here comes another price increase!
guru36525 Veteran Author Montgomery Posts:423 Points:486,795 Joined:Mar 2005	Message Posted: Aug 28, 2012 4:56:26 AM Ignore guru36525 Report Abuse diesel price actually dropped in MS this morning--storm still approaching--gouging to start later tomorrow---oh wait that's illegal---only a slight increase is allowed
I10Express Champion Author San Antonio Posts:8,649 Points:1,635,970 Joined:Nov 2008	Message Posted: Aug 28, 2012 4:55:45 AM Ignore I10Express Report Abuse Please. This one will bring lots of rain to the area but not much more.
RaginCajun68 All-Star Author Fort Worth Posts:860 Points:210,610 Joined:Sep 2005	Message Posted: Aug 28, 2012 4:55:41 AM Ignore RaginCajun68 Report Abuse Gas prices already rising...sigh....no relief in sight.
pmc3 Champion Author Missouri Posts:3,595 Points:1,023,585 Joined:Mar 2010	Message Posted: Aug 28, 2012 4:55:40 AM Ignore pmc3 Report Abuse whatever....
jmdk721 Champion Author Missouri Posts:1,184 Points:571,580 Joined:Jul 2011	Message Posted: Aug 28, 2012 4:55:36 AM Ignore jmdk721 Report Abuse it is a troplic strom, not a big bad Cat 5
SierraFaith Sophomore Author Arkansas Posts:185 Points:51,885 Joined:Jul 2012	Message Posted: Aug 28, 2012 4:54:31 AM Ignore SierraFaith Report Abuse Hmmm