When Is It Safe to Buy Gasoline?

An updated look at gasoline sales in the US and the risks of gas stations. 

An updated look, a few clarifications, and more. 

We’re still a few days away from the start of spring.

That means the first days of summer are about to kick off, and we’re already getting a good idea of what the long-term effects of those sales will be on US consumers. 

The first sign of gas shortages in the U.S. may come this weekend, when the National Weather Service reports that “gasoline-powered vehicles are expected to remain in short supply until next week, when fuel supplies should be replenished.” 

The New York Times notes that “a surge in gas prices and a shortage of gasoline at the pump have pushed up prices for some gasoline-powered cars.” 

“The gasoline shortage has prompted some retailers to stop selling gasoline at pumps,” according to the Times, “as a precautionary measure to avoid being left without a supply.” 

Gasoline is the most common fuel in the United States. 

There are many ways in which a shortage could impact the US economy. 

For example, there are a number of ways that a shortage can affect the prices of energy. 

“Energy companies have had to adjust prices for higher energy costs because consumers are paying higher energy bills for less energy, or because consumers have moved away from fossil fuels,” the Times notes. 

As a result, “fuel prices have risen as the number of people without electricity in the country has increased.” 

And, of course, there is the risk of gasoline shortages in cities that rely heavily on gasoline. 

In a new report, the Institute for Energy Economics and Financial Analysis (IERFA) estimated that, in 2017, gasoline demand would increase by 5 percent in major cities, and by 10 percent in metropolitan areas. 

IERFA predicts that the long term impacts of the fuel shortage on US economy could be significant. 

So what are the most immediate impacts? 

“Lower gas prices are expected in the first few days of the summer, as a result of a supply shortage, the impact of which could increase demand for gasoline, the IERFA study found,” according the Times. 

According to the Ierfa report, “The price of gasoline could rise as much as $1 per gallon in the next two weeks, from the current average of $1.03 to $1 by early next week. 

That would make gasoline the most expensive fuel in some cities, with some analysts projecting that prices could rise above $3 per gallon by the end of the month. 

A gas shortage would also cause gasoline prices to rise in some major cities because people will spend less on gasoline, reducing demand for it. 

And because gas prices in major metropolitan areas are so high, a shortage may lead to higher gasoline prices in some other parts of the country, particularly in the Midwest and Northeast.” 

These impacts could be felt right now. 

Just last week, the US Energy Information Administration reported that “demand for gasoline has fallen by 5.5 percent from January to March.” 

As the Associated Press notes, “the number of Americans who used gasoline last year has fallen for the first time since at least 2004.” 

According the IBERFA, “Lower gasoline demand will also lead to fewer vehicles being sold at gas stations, since most consumers want to buy less fuel than they did a year ago. 

Low gasoline demand could lead to lower gas prices.” 

While it is too early to tell whether or not a shortage will have a lasting impact on the economy, we do know that, “a gasoline shortage could lead more consumers to abandon fuel-efficient vehicles and increase fuel-efficiency standards,” according a report from the International Energy Agency (IEA). 

“As a consequence, gasoline prices could increase as high as $4 per gallon,” according IERFAA. 

If a shortage does occur, the report predicts that “fuel demand will decrease in the second half of the year as a consequence of a decrease in gasoline prices.”

But what about the long run effects? 

The IERAA’s report predicts, “Fuel demand will increase, as demand for other fuels increases. 

Fuel demand may rise again in the third half of 2019 as a reflection of a rebound in demand for the gasoline supply. 

With a supply surplus, gasoline consumption will remain relatively stable in the short run, but, as with other energy-intensive industries, there may be short-term disruptions to demand growth.” 

So how does all of this relate to the ongoing climate crisis? 

ITERFA’s report notes, “[The] United States has the third largest oil and natural gas reserves in the world. 

Its energy-related emissions are the largest in the industrialized world.

It also has the fifth-largest carbon footprint in the planet.” 

If the US were to experience a gasoline shortage, that would put more pressure on US oil companies to divers

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