Answering all your N.J. gas and oil questions as Iran war rolls on: expert analysis [Yahoo! Finance]
Phillips 66 (PSX)
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Source: Yahoo! Finance
The war in Iran , also known as Operation Epic Fury, will surpass its 60th day this week with little indication that a return to normalcy is imminent. Of course, people have questions — a lot of questions. I've attempted to answer the most frequently asked questions I get for the near-term, medium-term, and long-term prospects for fuel availability and prices in New Jersey, the U.S. and the rest of the world. What to expect in New Jersey How do New Jersey supplies stack up after two months of war in Iran? Entities that measure fuel supplies don't do it on a state-specific basis, but most signs point to tightening supply. For 50 years, the Northeast region has been dependent on supplemental gasoline from Europe. The rate of imports has slowed appreciably — two weeks ago only 75,000 barrels per day of gasoline came into East Coast ports, representing the lowest import rate on record. Subpar arrivals may continue. The Colonial Pipeline, which moves petroleum from Texas to Linden i
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