I wonder how it will effect Obama's re-election campaign to have gas shortages in areas that are normally strongly Democrat territory?
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As gas prices rise, no relief in sight at pump
Published March 17, 2012
| The Wall Street Journal
U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.
As Northeastern refining capacity declines, it will force distributors in the region to buy gasoline from elsewhere, pushing up prices across the country and increasing the likelihood of price spikes, government officials and analysts warn.
"There's now going to be a question if we can get enough gasoline into the East Coast for summer," said David Greely, an energy analyst at Goldman Sachs Group Inc. The U.S. Energy Department has warned a shortfall could develop as early as July.
Read more: As Gas Prices Rise, No Relief In Sight At Pump | Fox News
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As gas prices rise, no relief in sight at pump
Published March 17, 2012
| The Wall Street Journal
U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.
As Northeastern refining capacity declines, it will force distributors in the region to buy gasoline from elsewhere, pushing up prices across the country and increasing the likelihood of price spikes, government officials and analysts warn.
"There's now going to be a question if we can get enough gasoline into the East Coast for summer," said David Greely, an energy analyst at Goldman Sachs Group Inc. The U.S. Energy Department has warned a shortfall could develop as early as July.
Read more: As Gas Prices Rise, No Relief In Sight At Pump | Fox News