Gas prices already had risen by stunning amounts this summer before Hurricane
Katrina sent them soaring further upward this week. But record prices, long
lines and the lack of regular unleaded at numerous stations are prompting
understandable concerns in and beyond our state. Those factors also fuel the
temptation to top off tanks and fill separate containers before the price rises
again -- or the gas runs out. Try to resist it.
Gov. Mark Sanford cautioned against such self-defeating purchases Thursday,
explaining that they will only intensify the shortages and price surges caused
by Katrina. The governor said: "I ask that South Carolinians be conservative in
how much fuel they use in the next couple of weeks. One thing we need to guard
against is panic buying. It exacerbates the problem."
President Bush echoed that plea Thursday, urging Americans: "Don't buy gas
itf you don't need it."
The president had acted wisely Wednesday in releasing oil from the U.S.
Strategic Petroleum Reserve, a vital safeguard that, when utilized prudently,
offsets oil shortages created by supply disruptions. One effect of the
catastrophic Hurricane Katrina has been a severe limitation on oil shipments to
Gulf Coast refineries, and in turn, gas shipments to many states, including this
one. These developments triggered not just higher gas prices, but intensified
supply shortages that necessitated the administration's move on SPR.
The Bush administration also, on a temporary basis, waived the prohibition
against foreign ships transporting U.S. fuel to U.S. ports; allowed the sale of
a higher-polluting gasoline in Alabama, Florida, Louisiana and Mississippi
because those states are, at this point, unable to provide enough fuel that
meets Clean Air Act requirements; and eased diesel fuel sulfur and
gasoline-evaporation regulations.
Again, these are emergency steps forced by natural-disaster circumstances,
not federal attempts to limit gas costs. Gulf Coast refineries still in
operation can now borrow the SPR crude needed to produce gasoline. But with
pipelines still not operating at full capacity, delivery difficulties are
expected to continue over the next two weeks.
Meanwhile, South Carolina Attorney General Henry McMaster rightly warned that
his office will prosecute "any willful criminal conduct" related to the gas
shortage, including price gouging. Georgia Gov. Sonny Perdue signed an executive
order against such profiteering Wednesday after the price at some Peach State
pumps hit $6 per gallon.
That doesn't mean government can save us from rising gas costs. "Caps" on
prices would inevitably cap gas supply.
Though Katrina is a driving force behind the current gas shortage and price
climb, supply problems existed before that storm struck. Nearly three decades
have passed since the last oil refinery was built in this nation. The energy
bill passed by Congress last month addresses that need.
The demand side of the equation also plays a major role in high gas prices.
Americans can, and must, be more efficient in their use of energy.
And while the current disruption in gas supply imposes significant costs and
inconvenience on South Carolinians, we should remember that this problem is
minor compared to the horrendous plight of our fellow Americans on the Gulf
Coast.