Gas prices and diesel fuel prices have remained pretty steady over the last several days in the Northeast give the crazy conditions of Hurricane Sandy. The crazy conditions of Sandy have made people go nuts for fleet fueling. Lines at gas stations with people fighting with each other over 5 gallons of gas for their cars.
Most fuel cards or fleet fuel cards are not working because of bad internet connections so its pay by cash only. This has presented a big issue with fleets because they run their fleet on a fuel card and most employees now have to reach into their own pockets to get diesel fuel or gas. This is normally after they have waited in lines for 2-4 hours.
Mobile fueling has been very popular after the storm as smaller fleet fueling trucks are able to get around making deliveries with or without power. It has been an issue with all mobile fueling vendors getting diesel fuel supply.
In the Northeast, the New York and New Jersey markets continue to be the most affected markets following Superstorm Sandy. The majority of terminals in this area are still working to resume operations, continuing to battle high water levels and extended power outages. Overall, product (especially gasoline) remains tight from North Virginia upwards, with terminals experiencing long lines and with long hauls continuing to be the best option to supply the markets in need.
These conditions will continue for the next couple of weeks until the fuel supply chain can get itself back on its feet. Hopefully, at that time we will see gas prices and diesel fuel prices go a little lower.
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