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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...

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Submitted Sep 04, 2012 By: PD

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Sep 6, 2012 10:10:09 PM Ignore honda0105 Report Abuse let's hope. Refinery capacity is already low.
Ebaz Champion Author Oklahoma City Posts:3,340 Points:737,965 Joined:Apr 2011	Message Posted: Sep 6, 2012 6:29:09 AM Ignore Ebaz Report Abuse Er, shouldn't they be recovering?
nb52 Champion Author Grand Rapids Posts:7,920 Points:1,574,550 Joined:Nov 2008	Message Posted: Sep 6, 2012 4:37:06 AM Ignore nb52 Report Abuse The sooner the better.
sparky808 Champion Author Honolulu Posts:3,139 Points:624,685 Joined:Sep 2011	Message Posted: Sep 5, 2012 12:11:48 PM Ignore sparky808 Report Abuse old post.
Catfish93001 Champion Author Ventura Posts:1,212 Points:250,320 Joined:Jun 2008	Message Posted: Sep 5, 2012 10:21:48 AM Ignore Catfish93001 Report Abuse "Recovery" will take just as long as they see fit to raise prices due to "reduced refining capacity."
TonyPSU Champion Author Cleveland Posts:2,672 Points:721,255 Joined:May 2011	Message Posted: Sep 5, 2012 10:19:47 AM Ignore TonyPSU Report Abuse hurry
hok Champion Author Los Angeles Posts:1,370 Points:1,027,470 Joined:May 2008	Message Posted: Sep 5, 2012 9:58:34 AM Ignore hok Report Abuse √
nskmda Champion Author Grand Rapids Posts:1,376 Points:800,305 Joined:May 2007	Message Posted: Sep 5, 2012 9:56:22 AM Ignore nskmda Report Abuse @LostToo c'mon, gimme a break... don't really see any drop around here.
Old Timer Champion Author Akron Posts:3,879 Points:1,290,490 Joined:Sep 2003	Message Posted: Sep 5, 2012 9:38:55 AM Ignore Old Timer Report Abuse Why does recovery take so long?
MTPokts Champion Author Indianapolis Posts:2,280 Points:787,390 Joined:Jul 2008	Message Posted: Sep 5, 2012 9:22:59 AM Ignore MTPokts Report Abuse 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.
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,886,455 Joined:Jun 2006	Message Posted: Sep 5, 2012 9:18:29 AM Ignore PizzaMon Report Abuse Let's hope there are no more major hurricanes this season.
Ken2OD Champion Author Grand Rapids Posts:9,208 Points:1,998,665 Joined:Dec 2005	Message Posted: Sep 5, 2012 9:17:39 AM Ignore Ken2OD Report Abuse Isaac was one week ago. How long does it take to recover?
OldMan322 Champion Author Illinois Posts:5,287 Points:1,622,130 Joined:Jul 2008	Message Posted: Sep 5, 2012 9:13:21 AM Ignore OldMan322 Report Abuse "40mpgsaturn" Price gouging and greed
Digger52 Champion Author Chicago Posts:2,536 Points:875,415 Joined:Aug 2008	Message Posted: Sep 5, 2012 9:11:53 AM Ignore Digger52 Report Abuse Get 'em online!!!!
40mpgsaturn Champion Author Wisconsin Posts:2,595 Points:544,005 Joined:Jun 2011	Message Posted: Sep 5, 2012 9:01:54 AM Ignore 40mpgsaturn Report Abuse It is up again here!!
LoadToad Champion Author San Diego Posts:1,364 Points:1,298,045 Joined:Sep 2005	Message Posted: Sep 5, 2012 9:00:38 AM Ignore LoadToad Report Abuse Read yesterday.
dacofa Champion Author Nevada Posts:5,401 Points:1,173,405 Joined:Jan 2010	Message Posted: Sep 5, 2012 8:56:18 AM Ignore dacofa Report Abuse Greed on it's way.
Emmamae1 Champion Author Illinois Posts:3,205 Points:616,485 Joined:Oct 2011	Message Posted: Sep 5, 2012 8:52:35 AM Ignore Emmamae1 Report Abuse price should come down in next week or so.
Stevedog Champion Author Michigan Posts:3,993 Points:1,973,675 Joined:Jul 2006	Message Posted: Sep 5, 2012 8:50:12 AM Ignore Stevedog Report Abuse they will drag their feet until the next big blow comes through
PartsStore All-Star Author West Virginia Posts:512 Points:1,420,100 Joined:Apr 2008	Message Posted: Sep 5, 2012 8:49:00 AM Ignore PartsStore Report Abuse It seems like it took too long
nanu4u21 Champion Author Orange County Posts:1,188 Points:262,490 Joined:Aug 2012	Message Posted: Sep 5, 2012 8:48:04 AM Ignore nanu4u21 Report Abuse ok
puinsai808 Champion Author Honolulu Posts:3,697 Points:754,030 Joined:May 2011	Message Posted: Sep 5, 2012 8:47:51 AM Ignore puinsai808 Report Abuse old
Settjec Champion Author Little Rock Posts:2,120 Points:712,445 Joined:May 2010	Message Posted: Sep 5, 2012 8:47:25 AM Ignore Settjec Report Abuse Recovery my southside
Donliberty Champion Author New York Posts:1,809 Points:681,715 Joined:Apr 2011	Message Posted: Sep 5, 2012 8:44:58 AM Ignore Donliberty Report Abuse ok
NealAZ Champion Author Arizona Posts:1,675 Points:465,800 Joined:Apr 2011	Message Posted: Sep 5, 2012 8:44:03 AM Ignore NealAZ Report Abuse Not a single reduction in price around here. Keeps going up.
96sc1 Champion Author El Paso Posts:8,517 Points:1,367,440 Joined:Mar 2008	Message Posted: Sep 5, 2012 8:43:55 AM Ignore 96sc1 Report Abuse I'm glad the offshore rigs didn't get flooded.
rippertoo Champion Author Tacoma Posts:5,890 Points:1,168,560 Joined:Jan 2010	Message Posted: Sep 5, 2012 8:43:49 AM Ignore rippertoo Report Abuse More manipulation. No real loss or damage but major jump in prices. All profit.
99church Champion Author Indiana Posts:1,962 Points:389,740 Joined:Oct 2011	Message Posted: Sep 5, 2012 8:42:20 AM Ignore 99church Report Abuse yesterday. We will see how long it takes for prices to retreat. Yeah right
PathTrack Champion Author Twin Cities Posts:1,204 Points:135,055 Joined:Jan 2005	Message Posted: Sep 5, 2012 8:42:13 AM Ignore PathTrack Report Abuse No relief here, prices jumped 15 cents/gal yesterday
Fencemaker Champion Author Pittsburgh Posts:3,526 Points:1,151,920 Joined:Sep 2006	Message Posted: Sep 5, 2012 8:41:16 AM Ignore Fencemaker Report Abuse Continues to rise here in Pittsburgh. Anything to see it drop would be good.
essel Champion Author Virginia Posts:2,833 Points:1,067,270 Joined:Nov 2007	Message Posted: Sep 5, 2012 8:40:00 AM Ignore essel Report Abuse ok
papou Champion Author Tampa Posts:11,012 Points:1,932,610 Joined:Jul 2005	Message Posted: Sep 5, 2012 8:36:49 AM Ignore papou Report Abuse The sooner the better
TRAIN RIDER Champion Author San Bernardino Posts:9,217 Points:2,784,545 Joined:Oct 2004	Message Posted: Sep 5, 2012 8:36:42 AM Ignore TRAIN RIDER Report Abuse We do need to see the price drop.
jetmech568 Champion Author Idaho Posts:1,285 Points:650,105 Joined:Apr 2011	Message Posted: Sep 5, 2012 8:35:49 AM Ignore jetmech568 Report Abuse ok
biggyhy Champion Author Milwaukee Posts:1,606 Points:500,755 Joined:Sep 2011	Message Posted: Sep 5, 2012 8:33:43 AM Ignore biggyhy Report Abuse ok
Heltonw Champion Author Montana Posts:3,451 Points:1,687,065 Joined:Dec 2007	Message Posted: Sep 5, 2012 8:33:41 AM Ignore Heltonw Report Abuse Too much speculation with no real facts.
peanutsMN Champion Author Twin Cities Posts:1,828 Points:413,590 Joined:Jul 2011	Message Posted: Sep 5, 2012 8:33:39 AM Ignore peanutsMN Report Abuse old news but prices just went up here.
FocusST2 Champion Author North Carolina Posts:8,283 Points:1,406,625 Joined:Jul 2009	Message Posted: Sep 5, 2012 8:31:52 AM Ignore FocusST2 Report Abuse Is that smoke being blown towards our fourth point of contact?
PTBpricer Champion Author Virginia Posts:1,885 Points:228,170 Joined:Jun 2012	Message Posted: Sep 5, 2012 8:31:48 AM Ignore PTBpricer Report Abuse Down 1 penny in the Richmond, VA area.
jjw0608 Champion Author Milwaukee Posts:7,014 Points:1,728,730 Joined:Nov 2005	Message Posted: Sep 5, 2012 8:31:43 AM Ignore jjw0608 Report Abuse Good: maybe prices will come down.
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Sep 5, 2012 8:31:17 AM Ignore Lizzylou Report Abuse OLD NEWS
svspyda Champion Author San Jose Posts:1,748 Points:354,985 Joined:May 2012	Message Posted: Sep 5, 2012 8:30:26 AM Ignore svspyda Report Abuse old news
OOXXFF Champion Author Greensboro Posts:3,193 Points:1,105,905 Joined:Sep 2009	Message Posted: Sep 5, 2012 8:30:15 AM Ignore OOXXFF Report Abuse Gas prices are too high.
tcohio Champion Author Dayton Posts:2,757 Points:820,370 Joined:Oct 2008	Message Posted: Sep 5, 2012 8:30:15 AM Ignore tcohio Report Abuse no help from the current administration
Hillbilly1 All-Star Author Austin Posts:955 Points:212,240 Joined:Apr 2012	Message Posted: Sep 5, 2012 8:30:11 AM Ignore Hillbilly1 Report Abuse ok
Don20 Champion Author Oklahoma City Posts:9,809 Points:2,646,355 Joined:Mar 2005	Message Posted: Sep 5, 2012 8:30:00 AM Ignore Don20 Report Abuse 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...
esorsd Champion Author St. Louis Posts:5,878 Points:1,666,315 Joined:May 2005	Message Posted: Sep 5, 2012 8:29:59 AM Ignore esorsd Report Abuse Let's hope the recovery continues.
ethanol_is_bad Sophomore Author Boise Posts:242 Points:143,860 Joined:Oct 2011	Message Posted: Sep 5, 2012 8:29:54 AM Ignore ethanol_is_bad Report Abuse 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.
hatterasjack Champion Author South Carolina Posts:1,316 Points:749,750 Joined:Sep 2007	Message Posted: Sep 5, 2012 8:29:06 AM Ignore hatterasjack Report Abuse Already started to drop around here.
unicornpmb Champion Author Buffalo Posts:8,631 Points:1,657,215 Joined:Sep 2005	Message Posted: Sep 5, 2012 8:28:44 AM Ignore unicornpmb Report Abuse What recovery. Just have to restart. Should be no longer when they shut down.