Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:04 PM

GasBuddy News Article

34
votes
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...

Read the Full Article

Submitted May 08, 2014 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: DOE to Build First Regional Gasoline Reserve to Strengthen Fuel Resiliency Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: May 13, 2014 5:41:35 AM

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

Posts:9,892
Points:2,353,650
Joined:Apr 2006
Message Posted: May 10, 2014 12:49:28 AM

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

Posts:4,257
Points:1,022,015
Joined:Mar 2012
Message Posted: May 10, 2014 12:45:21 AM

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

Posts:5,545
Points:1,307,545
Joined:May 2011
Message Posted: May 9, 2014 11:09:47 PM

K
Profile Pic
bluebird1
Champion Author Toronto

Posts:18,362
Points:3,695,940
Joined:May 2004
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!!!!
Profile Pic
myambro
Champion Author Sacramento

Posts:4,469
Points:1,588,375
Joined:Mar 2005
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.
Profile Pic
hubers00
Champion Author Orlando

Posts:1,474
Points:450,390
Joined:Jan 2009
Message Posted: May 9, 2014 2:50:17 PM

ok
Profile Pic
cucamongacurtis
Champion Author San Bernardino

Posts:3,548
Points:826,340
Joined:Oct 2012
Message Posted: May 9, 2014 1:39:42 PM

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

Posts:6,279
Points:2,223,315
Joined:Apr 2006
Message Posted: May 9, 2014 1:31:09 PM

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

Posts:8,078
Points:1,736,375
Joined:Apr 2009
Message Posted: May 9, 2014 1:29:26 PM

A good idea, but I hope the DOE doesn't run it.
Profile Pic
tstoney
Champion Author Ogden

Posts:1,254
Points:910,990
Joined:Feb 2011
Message Posted: May 9, 2014 1:28:02 PM

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

Posts:10,702
Points:2,295,165
Joined:Feb 2008
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.
Profile Pic
jimbo1031
Champion Author Phoenix

Posts:1,842
Points:1,144,595
Joined:Apr 2011
Message Posted: May 9, 2014 12:56:13 PM

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

Posts:2,983
Points:1,724,485
Joined:Jan 2007
Message Posted: May 9, 2014 12:50:03 PM

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

Posts:3,885
Points:1,757,360
Joined:Jan 2009
Message Posted: May 9, 2014 12:33:02 PM

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

Posts:5,676
Points:2,459,330
Joined:Aug 2003
Message Posted: May 9, 2014 12:28:57 PM

The plan makes sense.
Profile Pic
olepaw
Champion Author Columbus

Posts:1,002
Points:583,945
Joined:Apr 2012
Message Posted: May 9, 2014 12:19:21 PM

good idea
Profile Pic
stockpro
All-Star Author New Hampshire

Posts:937
Points:930,160
Joined:Jun 2006
Message Posted: May 9, 2014 12:12:13 PM

Probably a good idea.
Profile Pic
jimedB
Champion Author Riverside

Posts:2,955
Points:255,060
Joined:Jun 2012
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?
Profile Pic
wompasscat
Champion Author Louisville

Posts:1,010
Points:355,570
Joined:Jan 2014
Message Posted: May 9, 2014 12:05:51 PM

Well that was fast.
Profile Pic
boatnut2
Champion Author Saskatchewan

Posts:1,327
Points:515,890
Joined:Dec 2012
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.
Profile Pic
42mpg2013Focus
Champion Author Ohio

Posts:2,281
Points:742,965
Joined:Jan 2012
Message Posted: May 9, 2014 12:04:14 PM

i see
Profile Pic
Rich_pa
Champion Author Cincinnati

Posts:2,607
Points:788,220
Joined:Oct 2012
Message Posted: May 9, 2014 12:02:58 PM

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

Posts:2,022
Points:435,705
Joined:May 2012
Message Posted: May 9, 2014 12:01:16 PM

who is exactly paying for this?
Profile Pic
tomok
Champion Author Portland

Posts:43,930
Points:2,958,835
Joined:Aug 2006
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!
Profile Pic
jnseyeongas
Champion Author Milwaukee

Posts:2,736
Points:1,089,625
Joined:Feb 2011
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.
Profile Pic
ou812again
Champion Author Cincinnati

Posts:5,893
Points:1,261,935
Joined:Apr 2011
Message Posted: May 9, 2014 11:59:20 AM

ok
Profile Pic
1Casey
Champion Author Albany

Posts:8,930
Points:2,287,305
Joined:Jun 2004
Message Posted: May 9, 2014 11:57:55 AM

o.k.
Profile Pic
18rabbit
Champion Author New Mexico

Posts:1,010
Points:352,670
Joined:Jan 2014
Message Posted: May 9, 2014 11:54:01 AM

old news
Profile Pic
Hemi3tc
Veteran Author Vancouver

Posts:400
Points:588,750
Joined:Feb 2012
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.
Profile Pic
humancry
Champion Author Michigan

Posts:4,745
Points:1,035,625
Joined:Nov 2006
Message Posted: May 9, 2014 11:53:46 AM

Profile Pic
Cableman66
Champion Author North Carolina

Posts:3,947
Points:845,385
Joined:May 2011
Message Posted: May 9, 2014 11:52:55 AM
Ignore Cableman66 Report Abuse

Old news.
Profile Pic
Cableman66
Champion Author North Carolina

Posts:4,977
Points:1,100,275
Joined:May 2011
Message Posted: May 9, 2014 11:52:55 AM

Old news.
Profile Pic
NanookAK
Champion Author Anchorage

Posts:9,999
Points:2,053,590
Joined:Nov 2007
Message Posted: May 9, 2014 11:52:26 AM

Old news
Profile Pic
AustinLee3
Veteran Author Tennessee

Posts:375
Points:163,550
Joined:May 2011
Message Posted: May 9, 2014 11:48:47 AM

yeah yeah...
Profile Pic
nwhawk
Champion Author Kansas

Posts:4,425
Points:1,159,945
Joined:Nov 2010
Message Posted: May 9, 2014 11:48:01 AM

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

Posts:4,134
Points:1,224,720
Joined:Jul 2009
Message Posted: May 9, 2014 11:47:49 AM

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

Posts:767
Points:411,990
Joined:Jan 2008
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.
Profile Pic
Lengas
Champion Author Gary

Posts:16,346
Points:3,331,100
Joined:Nov 2004
Message Posted: May 9, 2014 11:46:56 AM

Hmmmmmmmmmmmmmmmm
Profile Pic
mageetp
Champion Author British Columbia

Posts:5,751
Points:1,230,250
Joined:Aug 2011
Message Posted: May 9, 2014 11:46:51 AM

Commented yesterday.
Profile Pic
LostAgain2009
Champion Author New Mexico

Posts:3,648
Points:1,071,760
Joined:Apr 2009
Message Posted: May 9, 2014 11:45:33 AM

Yeah, so?
Profile Pic
olebufnav
Champion Author Omaha

Posts:6,793
Points:1,596,630
Joined:Nov 2008
Message Posted: May 9, 2014 11:45:14 AM

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

Posts:1,451
Points:1,700,155
Joined:Oct 2009
Message Posted: May 9, 2014 11:44:44 AM

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

Posts:3,752
Points:865,750
Joined:Jun 2012
Message Posted: May 9, 2014 11:44:25 AM

Oldie
Profile Pic
freedomsailor
Champion Author Naples

Posts:4,788
Points:1,025,095
Joined:Oct 2011
Message Posted: May 9, 2014 11:41:06 AM

Heard about this last month.
Profile Pic
XeniaBilliards
Champion Author Dayton

Posts:2,120
Points:1,758,040
Joined:Mar 2008
Message Posted: May 9, 2014 11:40:18 AM

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

Posts:2,509
Points:2,051,985
Joined:Dec 2007
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?
Profile Pic
njerald
Champion Author Seattle

Posts:10,340
Points:2,212,395
Joined:Oct 2007
Message Posted: May 9, 2014 11:39:43 AM

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

Posts:19
Points:1,025,655
Joined:Jan 2011
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!
Profile Pic
99church
Champion Author Indiana

Posts:4,426
Points:965,565
Joined:Oct 2011
Message Posted: May 9, 2014 11:38:09 AM

old
Profile Pic
commins
Champion Author Riverside

Posts:3,192
Points:1,460,775
Joined:Feb 2009
Message Posted: May 9, 2014 11:37:51 AM

oil market corruption, 'dad gummit'
Post a reply Back to Topics