NJ Fuel Retailers Vs. Congressional Plan

New Jersey fuel retailers are pushing back against a Congressional proposal to eliminate the Northeast Gasoline Supply Reserve. The retailers argue that this move could endanger the state's energy and economic stability without providing significant benefits.

Importance of Gasoline Supply Reserve

While the reserve has not been tapped into since its establishment following Superstorm Sandy in 2012, the New Jersey Gasoline, C-Store, Automotive Association emphasizes its crucial role in safeguarding against potential energy distribution disruptions in the future. According to the retail group, having a designated gasoline stockpile serves as a vital safeguard that could help prevent panic buying during times of shortages.

Eric Blomgren, the chief administrator of the New Jersey association, expressed concerns about the implications of eliminating the reserve. He highlighted the fact that sacrificing long-term economic security for short-term savings is a risky proposition.

Details of the Reserve

The reserve currently consists of 700,000 barrels of gasoline in the New York Harbor, 200,000 barrels in a Boston terminal, and 100,000 barrels in South Portland, Maine. These strategic reserves play a significant role in ensuring a stable fuel supply for the region.

In summary, the New Jersey fuel retailers are urging the state's Congressional representatives to reject the plan to dismantle the Northeast Gasoline Supply Reserve in order to protect the energy and economic interests of New Jersey.

Proposal to Sell Off Supplies in Regional Product Reserves

Importance of the Reserve

In response to the proposal, spokesperson Blomgren emphasized the critical role that the reserve plays in preparing for future weather-related disasters in the region. Highlighting the unpredictability of climate projections, he stated, "I am not aware of any projections for the future that call for lower sea levels and weaker hurricanes."

Lessons Learned from Past Events

Blomgren recounted the challenges faced by New Jersey following Hurricane Sandy, which resulted in severe disruptions to the state's motor fuel infrastructure. This led to prolonged gas lines and delayed deliveries, with some retailers experiencing disruptions for nearly a month after the storm hit.

Vital Redundancy and Security Measures

Emphasizing the intricate nature of the economy and the importance of resilience, Blomgren underscored the significance of maintaining the reserve as a source of redundancy and security. He noted that state leaders recognize the value of the reserve, citing the support shown by the New Jersey General Assembly in opposing previous attempts to eliminate it.