MONEY

Hurricane Sandy: Gas Prices Could Rise Due To 'Frankenstorm' (VIDEO)

10/26/2012 11:02 am ET

Just as Americans were beginning to feel a bit of relief at the pump, Hurricane Sandy could cause gas prices to creep back up again.

Experts warn that the powerful storm, which could seriously impact the U.S. East Coast next week, may close off the supply and stop production of oil coming from East Coast refineries, causing gas prices to go up, according to research firm Seeking Alpha.

SCROLL DOWN FOR LIVE UPDATES ON THE STORM

CBS News reported that 6.5 percent of the gasoline Americans use is produced on the East Coast.

The threat comes just as average nationwide gas prices fell below $3.60 yesterday, Bloomberg Businessweek reported. According to the AAA, prices at the pump have declined every day since Oct. 8.

In August, Americans saw the biggest one-day jump in prices at the pump in 18 months after Hurricane Isaac hit the Gulf Coast forcing some refineries to shut down. All summer, drivers paid record-high gas prices, with the national average for the season peaking on Sept. 14 at $3.87. Californians were among the hardest hit with prices reaching a record-high $4.67 per gallon on Oct. 7.

Meteorologists predict Hurricane Sandy could cause $1 billion in damages, CBS News reported. The hurricane, dubbed "Frankenstorm," could also leave thousands of coastal residents without power early next week depending on the trajectory of the storm.

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Also on HuffPost:

Hurricane Sandy

11/04/2012 12:26 AM EDT

PHOTO: A Marathon Wedding Proposal, Minus The Marathon

HuffPost's Katie Bindley reports:

Like all the competitors who trained for the 2012 NYC Marathon, Hannah Vahaba will not be running the race this year. But she also will never forget her moment at the finish line. After traveling in from Atlanta, Vahaba picked up a marriage proposal in Central Park on Saturday without having to traverse the 26.2-mile course.

"This is my fiance," said Vahaba, 31, who had tears running down her face as she stood in Central Park where the race would have ended, just moments after Martin O'Donoghue had proposed.

marriage proposal cancelled nyc marathon

Photo by Damon Scheleur

Read the full story here.

11/04/2012 12:25 AM EDT

Check Donation Lists

Be sure to check donation lists to see what items are needed. For example, at one Staten Island donation center, there is a critical need for batteries batteries batteries, candles, matches, toilet paper, cleaning supplies, pet food, baby supplies, deodorant, shampoo and conditioner. Clothing isn't needed as much at that center.

-Catharine Smith, HuffPost

11/03/2012 10:42 PM EDT

Brooklyn Regions Still Lack Electricity, Heat and Water Days After Storm

HuffPost's Tim Stenovec reports:

In the aftermath of Hurricane Sandy, which killed at least 48 people in New York when it battered the Northeast last week, frustrated residents in this corner of South Brooklyn are coping without electricity, heat and running water.

Read the full story here.

11/03/2012 10:18 PM EDT

On Long Island, Cuomo demands Accountability from Utilities

Huntington Patch reports:

At a massive food distribution event at Republic Airport in Farmingdale, Cuomo said power has been restored to 60 percent of the New York metropolitan area.

LIPA reported Saturday evening that 460,000 customers remained without power, down from more than 900,000 initially.

"I've warned the utility companies repeatedly they operate under a state charter, essentially," Cuomo said. "The utility companies are not happy with my warning and frankly, I don't care."

"The customers are not happy. The bill payers are not happy and the people without power are not happy," Cuomo said. "People are suffering. It is an issue of safety and if the utilities were not prepared we will hold them accountable."

Read the full story on Huntington Patch.

11/03/2012 9:38 PM EDT

Gasoline Shortage Likely To Last For Several More Days

Even as power returns to parts of the region assailed by Hurricane Sandy, millions of drivers seeking gasoline appear likely to face at least several more days of persistent shortages.

Read the full story here.

11/03/2012 8:50 PM EDT

Behind @ConEdison: The 27 Year-Old Preventing Panic, One Tweet At A Time

HuffPost's Bianca Bosker:

On Saturday, 27-year-old Kate Frasca was manning Con Edison’s Twitter account, @ConEdison, responding to customers’ frustrations, questions, praise and criticism at an average clip of one tweet every six minutes.

Read the full story here.

11/03/2012 8:35 PM EDT

Estimate Says 600 Million Gallons Of Water Hit Mass Transit System

@ USACE_HQ :

Roughly 600 M gallons of storm water infiltrated the nation’s busiest and oldest underground mass transit system... http://t.co/5jMXDhRc

11/03/2012 8:15 PM EDT

$12 Million Donated So Far To NYC Mayor's Fund For Recovery

@ MikeBloomberg :

If you would like to donate: visit http://t.co/9w8egqxD So far $12 million has been contributed. 100% of funds go to #Recovery efforts.

11/03/2012 7:52 PM EDT

Don't Touch Downed Power Lines

@ usNWSgov :

Post #Sandy reminders: never touch a downed power line or anything touching one. Washing your hands prevents illness. #NWS #CDC

11/03/2012 7:17 PM EDT

Volunteers Arrive In Staten Island

@ NYCMayorsOffice :

Volunteers Descend on Staten Island Neighborhood http://t.co/9aP3ggJN

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