ABSTRACT

Energy Resilience: DOE's Northeast Petroleum Product Reserves   [open pdf - 521KB]

From the Document: "The Department of Energy (DOE) maintains two regional petroleum product reserves to reduce the impact of severe disruptions in the supply of petroleum products in the Northeast. Such disruptions could occur when extreme storms or pipeline outages limit the supply or distribution of petroleum products or dramatically increase their price. DOE established the Northeast Home Heating Oil Reserve (NEHHOR) in 2000 after home heating oil prices nearly doubled in the winter of 1999-2000. DOE established the Northeast Gasoline Supply Reserve (NGSR) in 2014 in the aftermath of gasoline supply issues following Hurricane Sandy in 2012. [...] NEHHOR was used following Hurricane Sandy to provide fuel for first responder vehicles when the storm shut down other supplies. This was the only time either reserve has been used. [...] This report (1) assesses the effectiveness of the existing product reserves in mitigating supply risks in the Northeast and (2) identifies the extent to which DOE has considered future risks to petroleum product supplies and the benefits of alternative federal actions to mitigate these risks."

Report Number:
GAO-22-105404
Publisher:
Date:
2022-05-25
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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