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Power outages have rendered 65%-75% of gas stations in New Jersey inoperable, and experts say...

Nov. 01, 2012 6:45 PM ETShell plc (SHEL) StockES, PEG, SHEL, PSXBy: Carl Surran, SA News Editor2 Comments
Power outages have rendered 65%-75% of gas stations in New Jersey inoperable, and experts say the gasoline shortage in the NYC area may not be cleared up for at least a week. The problem is not gasoline supplies, but the ability to distribute it; for example, Motiva, the Shell-Saudi Aramco JV, declared force majeure on fuel deliveries at four area terminals after sustaining weather damage and power problems.

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