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DOE to Build First Regional Gasoline Reserve to Strengthen Fuel Resiliency

GasBuddy Blog -- As part of the Obama Administration’s response to Superstorm Sandy, Energy Secretary Ernest Moniz recently announced the creation of the first federal regional refined petroleum product reserve containing gasoline. Based on the Energy Department’s lessons learned from the major fuel supply disruption in the aftermath of the storm, the Department will establish two Northeast reserve locations near New York Harbor and in New England. Each location will store 500,000 barrels of gasoline, enough to provide some short-term relief in the event of significant disruptions. The new reserve complements the Northeast Home Heating Oil Reserve, a one million barrel supply of diesel for the Northeast. Emergency withdrawals from NEHHOR were used for the...

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Submitted May 08, 2014 By: PD
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Author Topic: DOE to Build First Regional Gasoline Reserve to Strengthen Fuel Resiliency Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: May 13, 2014 5:41:35 AM

will it leak in a few years?
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52MPG
Champion Author Dayton

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Message Posted: May 10, 2014 12:49:28 AM

Or we could switch to a better technology.
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WIWalt
Champion Author Wisconsin

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Message Posted: May 10, 2014 12:45:21 AM

Gas goes bad so they will rotate the stock and sell it to us
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lesndave
Champion Author Texas

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Message Posted: May 9, 2014 11:09:47 PM

K
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bluebird1
Champion Author Toronto

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Message Posted: May 9, 2014 6:23:37 PM

Good for them...except they do know gas has a shelf-life??? Asking because it is the gov't!!!!
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myambro
Champion Author Sacramento

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Message Posted: May 9, 2014 6:02:41 PM

That's nice. Do you think the Libs and Enviros would allow that?!!
Gasoline goes bad so the stock would have to be used and replenished on an ongoing basis.
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hubers00
All-Star Author Orlando

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Message Posted: May 9, 2014 2:50:17 PM

ok
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cucamongacurtis
Champion Author San Bernardino

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Message Posted: May 9, 2014 1:39:42 PM

Someone is gonna make money from that.
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dabuzman
Champion Author Seattle

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Message Posted: May 9, 2014 1:31:09 PM

This will be great if it don't em-pack the price at the pump.
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NotmeuQc
Champion Author Montreal

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Message Posted: May 9, 2014 1:29:26 PM

A good idea, but I hope the DOE doesn't run it.
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tstoney
All-Star Author Ogden

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Message Posted: May 9, 2014 1:28:02 PM

I'm pretty sure that having reserves is always a good idea.
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hibsaw
Champion Author Mississippi

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Message Posted: May 9, 2014 1:09:34 PM

Another waste of tax money in the name of Mr. Obama's global climate change plan.
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jimbo1031
Champion Author Phoenix

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Message Posted: May 9, 2014 12:56:13 PM

Doesn't taking 1,000,000 barrels of fuel out of the market impact prices?
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Costello
Champion Author South Dakota

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Message Posted: May 9, 2014 12:50:03 PM

Intersting idea if it works...
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GatorGuy
Champion Author Columbia

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Message Posted: May 9, 2014 12:33:02 PM

How long until that gas goes stale?
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juttuniemi
Champion Author Tucson

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Message Posted: May 9, 2014 12:28:57 PM

The plan makes sense.
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olepaw
All-Star Author Columbus

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Message Posted: May 9, 2014 12:19:21 PM

good idea
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stockpro
All-Star Author New Hampshire

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Message Posted: May 9, 2014 12:12:13 PM

Probably a good idea.
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jimedB
Champion Author Riverside

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Message Posted: May 9, 2014 12:09:35 PM

I do not like that the government will be in control of these reserves which will have a short shelf life six months to a year at most. Will they be responsible to pay for repairs necessary after using the old stale gas they stored for too long?
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wompasscat
All-Star Author Louisville

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Message Posted: May 9, 2014 12:05:51 PM

Well that was fast.
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boatnut2
All-Star Author Saskatchewan

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Message Posted: May 9, 2014 12:04:51 PM

As long as they don't put ethanol in it, it should last for a while.
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42mpg2013Focus
Champion Author Ohio

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Message Posted: May 9, 2014 12:04:14 PM

i see
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Rich_pa
Champion Author Cincinnati

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Message Posted: May 9, 2014 12:02:58 PM

Hate to say, but it will not help us at the pump.
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twopairAL
Champion Author Huntsville

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Message Posted: May 9, 2014 12:01:16 PM

who is exactly paying for this?
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tomok
Champion Author Portland

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Message Posted: May 9, 2014 12:01:11 PM

DOE to Build First Regional Gasoline Reserve to Strengthen Fuel Resiliency. The creation of the Federal Regional Refined Petroleum Product Reserve containing gasoline. Based on the Energy Department’s lessons learned from the major fuel supply disruption in the aftermath of Superstrom Sandy, there will be two Northeast reserve locations near New York Harbor and in New England. Each location will store 500,000 barrels of gasoline, enough to provide some short term relief in the event of significant disruptions. The new reserve complements the Northeast Home Heating Oil Reserve, a one million barrel supply of diesel for the Northeast.
***Doesn't gasoline go stale in time? They would have to cycle through the old gasoline and replace with new. **Add a fuel conditioner with stabilizers?
***Advertize the locations so the terroists know too....
***Make sure there are emergency generators at each gas station. ***Large generators at locations where the power was cut off to 'try' to resupply some loss of electricity. ***Place as many major power lines underground as possible.
**It may work or it could be expensive to use. **Building new refineries will not help!
Drive vehicles with high mpg, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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jnseyeongas
Champion Author Milwaukee

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Message Posted: May 9, 2014 12:00:17 PM

You still have to get the gas to where it is needed. typically during these catistrafic events road, rail and pipelines are disrupted. I hope the plan takes this into consideration.
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ou812again
Champion Author Cincinnati

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Message Posted: May 9, 2014 11:59:20 AM

ok
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1Casey
Champion Author Albany

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Message Posted: May 9, 2014 11:57:55 AM

o.k.
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18rabbit
All-Star Author New Mexico

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Message Posted: May 9, 2014 11:54:01 AM

old news
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Hemi3tc
Veteran Author Vancouver

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Message Posted: May 9, 2014 11:53:49 AM

Gasoline goes stale fairly quickly. I think it would be costly to add fuel stabilizer which makes gas fresh for a year or 2 years with a double dose.
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humancry
Champion Author Michigan

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Message Posted: May 9, 2014 11:53:46 AM

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Cableman66
Champion Author North Carolina

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Message Posted: May 9, 2014 11:52:55 AM
Ignore Cableman66 Report Abuse

Old news.
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Cableman66
Champion Author North Carolina

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Message Posted: May 9, 2014 11:52:55 AM

Old news.
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NanookAK
Champion Author Anchorage

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Message Posted: May 9, 2014 11:52:26 AM

Old news
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AustinLee3
Veteran Author Tennessee

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Message Posted: May 9, 2014 11:48:47 AM

yeah yeah...
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nwhawk
Champion Author Kansas

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Message Posted: May 9, 2014 11:48:01 AM

When first sentence starts with Obummer you know this is another screw up!
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garjul
Champion Author Flint

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Message Posted: May 9, 2014 11:47:49 AM

Do they use stabelizer in the gas?
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kiss4afrog
All-Star Author Twin Cities

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Message Posted: May 9, 2014 11:47:31 AM

How about just working harder on getting more fuel efficient and hybrid cars out there so we need less. Easier to store a smaller reserve.
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Lengas
Champion Author Gary

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Message Posted: May 9, 2014 11:46:56 AM

Hmmmmmmmmmmmmmmmm
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mageetp
Champion Author British Columbia

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Message Posted: May 9, 2014 11:46:51 AM

Commented yesterday.
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LostAgain2009
Champion Author New Mexico

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Message Posted: May 9, 2014 11:45:33 AM

Yeah, so?
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olebufnav
Champion Author Omaha

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Message Posted: May 9, 2014 11:45:14 AM

Of course, while these are being filled, prices will rise across the country...
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91Explorer
Champion Author Dallas

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Message Posted: May 9, 2014 11:44:44 AM

how expensive is it going to be?
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smelser1123
Champion Author Nevada

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Message Posted: May 9, 2014 11:44:25 AM

Oldie
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freedomsailor
Champion Author Naples

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Message Posted: May 9, 2014 11:41:06 AM

Heard about this last month.
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XeniaBilliards
Champion Author Dayton

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Message Posted: May 9, 2014 11:40:18 AM

Hocus Pocus, make it sound good then raise gas prices.
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NOTSOGRN
Champion Author Michigan

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Message Posted: May 9, 2014 11:39:56 AM

.
.
OK that takes care of the East coast but, what about the rest of the country?
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njerald
Champion Author Seattle

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Message Posted: May 9, 2014 11:39:43 AM

A wate of $$$$$ by the Lying, Controlling, taxing, spending, hypocritical B O regime.....
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LionsRam
Rookie Author Dallas

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Message Posted: May 9, 2014 11:39:09 AM

500,000 barrels of gasoline, really! Sounds like a drop in the bucket! Would it REALLY make a difference? Sound like another waste of our tax dollars!
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99church
Champion Author Indiana

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Message Posted: May 9, 2014 11:38:09 AM

old
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commins
Champion Author Riverside

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Message Posted: May 9, 2014 11:37:51 AM

oil market corruption, 'dad gummit'
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