by Nate Wooley | November 1, 2012 1:15 pm
In the wake of the damage cause by Hurricane Sandy this week, drivers in New York and New Jersey are now facing massive gas shortages.
A combination of delivery issues and gas stations without electricity has put commuters in a bind — even when gas is available, the wait to get to a pump can exceed two hours.
Even those with gasoline face considerable trouble commuting into the city. With only two of the entrances to New York City from New Jersey open, commuters can expect to add hours onto their transit time to and from work.
New York City’s bus system is coping with a passenger load estimated at 5.5 million people — more than double the standard load of 2.3 million.
Local and state authorities are attempting to cope with the problems. New York Mayor Michael Bloomberg decreed that cars must have three or more people in them to enter the city’s tunnels or bridges after 6 a.m. Governor Andrew Cuomo ordered the Metropolitan Transit Authority, which operates the city’s subways and buses, to waive all fares on subways and other rail systems through the end of the work week.
Source URL: http://investorplace.com/2012/11/nyc-new-jersey-strangled-by-post-sandy-gas-shortage/
Short URL: http://investorplace.com/?p=252340
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.