This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Power Returning After Sandy, But Gas Problems Rise

The officer who waved her out of line threw up his hands and shrugged.

At an Exxon station in Wall, N.J., Kathryn Davidson was unaware of the start of rationing but beat the noon deadline despite a 45-minute wait in line and an even-numbered plate.

"How are people supposed to know?" said Davidson, 53, who said it reminded her of the 1970s, when a similar plan was in place.

"There were fistfights and everything. It got nasty," she said. "Everyone seems pretty pleasant as of right now."

In Washington, President Barack Obama visited the headquarters of the Federal Emergency Management Agency for an update on superstorm recovery efforts and said "there's nothing more important than us getting this right."

"Obviously we've now seen that after the initial search and rescue, the recovery process is difficult and it's painful," Obama said. "But I'm confident that we will continue to make progress as long as state and local and federal officials stay focused."

Obama cited the need to restore power; pump out water, particularly from electric substations; ensure that basic needs are addressed; remove debris; and get federal resources in place to help transportation systems come back on line.

About 2.6 million people remained without power in six states after Sandy came ashore Monday night.

About 900,000 people still didn't have electricity in the New York metropolitan area, including about 550,000 on Long Island, Cuomo said.

About 80% of New York City's subway service has been restored, he added.

The storm forced cancellation of Sunday's New York City Marathon. Mayor Michael Bloomberg reversed himself Friday and yielded to mounting criticism about running the race, which starts on hard-hit Staten Island and wends through all five of the city's boroughs.

Bloomberg, who as late as Friday afternoon insisted the world's largest marathon should go on as scheduled, changed course shortly afterward amid intensifying opposition from the city comptroller, the Manhattan borough president and sanitation workers unhappy they had volunteered to help storm victims but were assigned to the race instead. The mayor said he would not want "a cloud to hang over the race or its participants."

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs