South Georgia's gas shortage likely to continue - WALB.com, Albany News, Weather, Sports

South Georgia's gas shortage likely to continue

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By Jennifer Emert - bio | email

September 24, 2008

ALBANY, GA (WALB) - The Department of Energy Wednesday said it should take a little while longer to fix the gas shortage in Albany and south Georgia created by Hurricane Ike and Gustav.

Gasoline inventories have declined to their lowest levels because refineries in Texas and Louisiana simply don't have the amount of product needed to send down the Colonial Pipeline that supplies south Georgia with gasoline.

 Wednesday officials say about half the refineries that send fuel to Albany, via Atlanta, remain off line.

"We probably have about 11 refineries that are working now about 19 that are at partial rates or are not back at all yet So the overall picture is there has been a drain on the inventory in the market place just because we haven't been able to operate at our full rates," said Steve Baker, Colonial Pipeline Spokesman.

The supply situation is expected to improve once more refinery capacity comes back online.

There is some good news, retail prices could continue to fall to as low as $3.50 if not lower by the end of the year.

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