The U.S. Department of Energy announced that it will create two reserves in the northeast region containing 500,000 gallons of gasoline each. The reserves will be located near New York Harbor and in a currently undisclosed location in New England. The reserves are meant to supply the region with gasoline in the event of a sudden or unexpected fuel supply disruption, such as the one that occurred in the aftermath of Hurricane Sandy.
In the days that followed Hurricane Sandy, the DOE made available, for the first time, supplies of heating oil from the Northeast Home Heating Oil Reserve. These reserves contain approximately one million barrels (half of which are stored in Groton, Connecticut). The DOE stated that building a gas reserve would complement the current heating oil reserve and enable a more secure and resilient energy infrastructure.
