Despite some stations running out, there's no fuel shortage in Texas [View all]
HARLINGEN — Call it toilet-paper syndrome.
More than 1,000 gas stations in the Southeast reported running out of fuel Wednesday, and some here in the Rio Grande Valley also reported being pumped dry.
And like the shortage of toilet paper during the pandemic caused by hoarding, long lines and fuel outages here and probably elsewhere are being driven by media coverage, causing spooked drivers to gas up whether they need to or not, experts say.
“Most of it is panic-buying,” said Patrick De Haan, head of petroleum analysis at Gas Buddy.
“The Colonial Pipeline, you obviously know, it runs from Texas to New Jersey,” he said in an interview Wednesday. “This is not a pricing event. Unlike February, this is not impacting refineries like the cold weather shutdown of refineries — then prices jumped.”
Read more: https://myrgv.com/local-news/business/2021/05/12/despite-some-stations-running-out-theres-no-fuel-shortage-in-texas/
(McAllen Monitor)
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