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Post by bot on May 3, 2014 2:37:33 GMT -5
U.S. Energy Dept. creates regional gasoline reserve SAN FRANCISCO (MarketWatch) -- The U.S. Energy Department on Friday announced the creation of the first federal, regional reserve for gasoline, in a move to ease potential fuel supply disruptions in the Northeast. The government agency said it will establish two Northeast reserve locations near New York Harbor and in New England, based on what the Energy Department learned from the major fuel supply disruption in the aftermath of Superstorm Sandy. Each location will store 500,000 barrels of gasoline. "In addition to our mitigation and international efforts, the President's Climate Action Plan calls on us to take measures today in order to better prepare for the effects of climate change we already see occurring here at home," said Energy Secretary Ernest Moniz.
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