'Panic buying' sparks N.Y. fuel crisis

[The Patriot]

'Panic buying' sparks N.Y. fuel crisis

11-02-2012 12:55 PM

NEW YORK (Reuters) - A third day of "panic buying" of gasoline among Sandy-struck New York area motorists on Friday prompted action from authorities, who waived shipping regulations even as pipelines and oil tankers resumed limited shipments. The U.S. government waived the Jones Act barring foreign-flagged vessels from carrying fuel between U.S. ports in a bid to boost supplies from the Gulf Coast to the Northeast. New York Governor Andrew Cuomo said he would temporarily lift tax and registration requirements on tankers docking in the New York Harbor, which had just reopened to oil vessels. ...




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