Hurricane Sandy Impacting Gas Supply

Bloomberg reported that New Jersey drivers are enduring long lines to fill their cars, due to Hurricane Sandy’s impact on deliveries and supply. Sandy also caused closure or reduction output at several refineries.

As quoted in the market report:

Hurricane Sandy, the biggest Atlantic storm in history, caused at least 75 U.S. deaths and blacked out millions of homes and businesses. Six Northeast refineries with 1.17 million barrels-a-day of processing capacity shut or operated at reduced rates because of the storm, according to the U.S. Energy Department. Colonial Pipeline Co.’s 825,000-barrel-a-day Line 3 pipe that carries gasoline and diesel from Greensboro, North Carolina, to Linden, New Jersey, will resume limited operations tomorrow.

To view the full Bloomberg report, click here.