Supply Chain | December 15, 2012 | CFO Magazine
Gas shortages in the wake of Hurricane Sandy have revealed weaknesses in the Northeast gas supply chain that will require fixes from the private sector and federal and state government, according to a petroleum analyst.
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Fuel problems that already existed, such as obsolete laws and a shortage of refineries on the East Coast, were exacerbated by Sandy, says Gregg Laskoski, a senior petroleum analyst for GasBuddy, which tracks gasoline trends and prices across the United States and Canada. For example, before the hurricane, refineries on the East Coast were operating at only 81% of their production capacity, according to a 2012 report from the Energy Information Administration. By November 2, four days after Sandy made landfall, that percentage fell to 58.5%.
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