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Without insurance, 630 Connecticut gas stations could close

GasBuddy Blog -- Hundreds of Connecticut gasoline retailers could be in jeopardy of having to close this fall because state officials recently passed legislation on underground fuel tanks at a time when one of the major tank insurers is leaving the market.

According to the Connecticut Post, the Independent Connecticut Petroleum Association confirmed that insurance is virtually unavailable, and at the same time, the state of Connecticut's Commercial Tank Fund has accumulated $100 million in unpaid clean-up expenses.

Industry experts say that if gas stations cannot buy insurance then under federal law they cannot legally operate and will need to close. They also say that funds that were supposed to have been earmarked for cleaning up leaks...

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Submitted Jul 09, 2012 By: PD

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vjs3 Champion Author Denver Posts:2,541 Points:649,915 Joined:Jun 2011	Message Posted: Jul 10, 2012 10:28:13 AM Ignore vjs3 Report Abuse Hope this clears up soon.
jpgilmor Champion Author Houston Posts:2,165 Points:603,950 Joined:Feb 2011	Message Posted: Jul 10, 2012 10:26:11 AM Ignore jpgilmor Report Abuse Gee all those we need government to solve problem learn a lesson. The only question is who to sue for the mis spent funds!
AriesMMD Champion Author Sacramento Posts:1,491 Points:412,215 Joined:Dec 2011	Message Posted: Jul 10, 2012 10:26:10 AM Ignore AriesMMD Report Abuse More bad news involving federal intervention
mike0616 All-Star Author Louisville Posts:712 Points:398,075 Joined:Aug 2004	Message Posted: Jul 10, 2012 10:25:59 AM Ignore mike0616 Report Abuse cry me a river...... LOL The folks rape the public and they want sympathy? WTH?
joko0 Champion Author New Jersey Posts:1,970 Points:565,615 Joined:Oct 2008	Message Posted: Jul 10, 2012 10:25:51 AM Ignore joko0 Report Abuse Always something!
pmanning7843 Champion Author Georgia Posts:1,681 Points:338,215 Joined:Jun 2012	Message Posted: Jul 10, 2012 10:25:43 AM Ignore pmanning7843 Report Abuse ok
hatterasjack Champion Author South Carolina Posts:1,296 Points:726,100 Joined:Sep 2007	Message Posted: Jul 10, 2012 10:23:53 AM Ignore hatterasjack Report Abuse I guess real small operators will be ok since they are exempt and still covered by the state. It will just push prices higher.
THEDodgeman Champion Author Denver Posts:7,997 Points:1,947,515 Joined:Apr 2005	Message Posted: Jul 10, 2012 10:23:30 AM Ignore THEDodgeman Report Abuse oops
StraubeyKY Sophomore Author Kentucky Posts:230 Points:226,550 Joined:Dec 2010	Message Posted: Jul 10, 2012 10:23:13 AM Ignore StraubeyKY Report Abuse Sucks to live in Connecticut. Hope this situation clears up real soon.
bcfuelsaver Champion Author Vancouver Posts:1,623 Points:246,270 Joined:Jul 2011	Message Posted: Jul 10, 2012 10:22:30 AM Ignore bcfuelsaver Report Abuse there's gonna be winners and losers in this one.
Donnade Rookie Author Anchorage Posts:96 Points:887,020 Joined:Nov 2008	Message Posted: Jul 10, 2012 10:22:28 AM Ignore Donnade Report Abuse And supply and demand will mean..............
ntass1 Champion Author Edmonton Posts:3,795 Points:728,025 Joined:May 2011	Message Posted: Jul 10, 2012 10:22:16 AM Ignore ntass1 Report Abuse really
BeaconLite Champion Author Ottawa Posts:1,943 Points:370,250 Joined:Sep 2009	Message Posted: Jul 10, 2012 10:21:59 AM Ignore BeaconLite Report Abuse Old news
Rehorsehay All-Star Author California Posts:871 Points:45,925 Joined:Feb 2012	Message Posted: Jul 10, 2012 10:21:23 AM Ignore Rehorsehay Report Abuse Can we say MISMANAGEMENT by the state government!
dockersbin Veteran Author Virginia Beach Posts:407 Points:260,385 Joined:May 2006	Message Posted: Jul 10, 2012 10:21:13 AM Ignore dockersbin Report Abuse Wow, Get Ready RI here they come.
MannyMatic Sophomore Author Boston Posts:156 Points:73,675 Joined:Jul 2005	Message Posted: Jul 10, 2012 10:17:36 AM Ignore MannyMatic Report Abuse Uh, Oh! Does that mean that Connecticut might invade Rhode Island?
Liberty2000 Champion Author Indianapolis Posts:1,739 Points:280,520 Joined:Jun 2007	Message Posted: Jul 10, 2012 10:15:48 AM Ignore Liberty2000 Report Abuse No problem! We'll just use clean, green energy from now on. Maybe put a sail on the cars or install pedals. Recruit a bunch of "passengers" so they can push!
unipanini All-Star Author New York Posts:903 Points:264,575 Joined:Mar 2012	Message Posted: Jul 10, 2012 10:15:15 AM Ignore unipanini Report Abuse uh oh
jetmech568 Champion Author Idaho Posts:1,268 Points:624,865 Joined:Apr 2011	Message Posted: Jul 10, 2012 10:14:51 AM Ignore jetmech568 Report Abuse ok
btex49 Champion Author Austin Posts:2,720 Points:531,080 Joined:Aug 2011	Message Posted: Jul 10, 2012 10:14:37 AM Ignore btex49 Report Abuse Not good new for people in Connecticut.
bl626 All-Star Author Toledo Posts:824 Points:242,355 Joined:Feb 2011	Message Posted: Jul 10, 2012 10:13:59 AM Ignore bl626 Report Abuse tighter budgets and these are the consequences... as they say, for every little action there is a reaction. no other insurance company?
manbig13 Champion Author Cleveland Posts:1,431 Points:556,725 Joined:May 2011	Message Posted: Jul 10, 2012 10:12:04 AM Ignore manbig13 Report Abuse maybe
TuanCanCook Champion Author Los Angeles Posts:12,193 Points:657,515 Joined:Jun 2011	Message Posted: Jul 10, 2012 10:11:37 AM Ignore TuanCanCook Report Abuse Bummer...
ss70 Champion Author Detroit Posts:9,662 Points:1,870,100 Joined:Sep 2005	Message Posted: Jul 10, 2012 10:10:52 AM Ignore ss70 Report Abuse whats wrong in having some rules ...
s6sputnik Champion Author Austin Posts:6,222 Points:1,308,130 Joined:Jun 2007	Message Posted: Jul 10, 2012 10:10:45 AM Ignore s6sputnik Report Abuse What is the company that is leaving? Maybe they should leave Connecticut all together!
s6sputnik Champion Author Austin Posts:6,222 Points:1,308,130 Joined:Jun 2007	Message Posted: Jul 10, 2012 10:09:51 AM Ignore s6sputnik Report Abuse Hmmmm
IMLURCH Champion Author Minnesota Posts:2,184 Points:1,103,180 Joined:Mar 2009	Message Posted: Jul 10, 2012 10:09:18 AM Ignore IMLURCH Report Abuse When it rains it pours for some.
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Jul 10, 2012 10:09:08 AM Ignore AuburnTim Report Abuse insurance companies are just the same as big oil big banking it's all about money and they are not held accountable for their rotten business practices
repeater1 Champion Author Topeka Posts:8,303 Points:2,365,820 Joined:Oct 2005	Message Posted: Jul 10, 2012 10:08:26 AM Ignore repeater1 Report Abuse That will cause the price of gas to go up also.
Jeepergeo Champion Author San Bernardino Posts:1,380 Points:586,930 Joined:Jan 2011	Message Posted: Jul 10, 2012 10:07:50 AM Ignore Jeepergeo Report Abuse These folks need to band together and buy the insurance as a group.
Diesel_Ram Champion Author Dallas Posts:6,502 Points:1,518,460 Joined:Jan 2009	Message Posted: Jul 10, 2012 10:05:18 AM Ignore Diesel_Ram Report Abuse More government mess.
hvn4me Champion Author Virginia Beach Posts:1,074 Points:1,501,200 Joined:Aug 2008	Message Posted: Jul 10, 2012 10:04:49 AM Ignore hvn4me Report Abuse Ask Mr. President how this helps our economy.
hwmillerster Champion Author Missouri Posts:6,789 Points:1,465,345 Joined:Oct 2008	Message Posted: Jul 10, 2012 10:04:30 AM Ignore hwmillerster Report Abuse If insurance companies won't pay for taking on the risk, then it really is a hazardous operation.
smokinjoe54 Champion Author Ohio Posts:4,718 Points:912,535 Joined:Feb 2010	Message Posted: Jul 10, 2012 10:04:20 AM Ignore smokinjoe54 Report Abuse Not good.
crep1291 Champion Author Ottawa Posts:2,579 Points:481,045 Joined:Dec 2010	Message Posted: Jul 10, 2012 10:02:29 AM Ignore crep1291 Report Abuse So if I read this correctly, the gas stations have contaminated the ground and they're claiming the government is devaluing their property??
lmpski Veteran Author Boston Posts:429 Points:396,390 Joined:May 2011	Message Posted: Jul 10, 2012 10:01:45 AM Ignore lmpski Report Abuse ...and CT will raise state gas tax per gal to cover the costs prob.
Susieq60 All-Star Author Columbus Posts:969 Points:128,915 Joined:Sep 2011	Message Posted: Jul 10, 2012 10:01:02 AM Ignore Susieq60 Report Abuse old news
Steady325 Champion Author Orange County Posts:2,578 Points:1,459,085 Joined:Nov 2008	Message Posted: Jul 10, 2012 10:00:52 AM Ignore Steady325 Report Abuse ok
Cloudscout Rookie Author Twin Cities Posts:48 Points:88,220 Joined:May 2008	Message Posted: Jul 10, 2012 10:00:38 AM Ignore Cloudscout Report Abuse Refineries should be required to cover the insurance for the station owners.
FieroGT Champion Author Twin Cities Posts:14,322 Points:2,506,110 Joined:Mar 2005	Message Posted: Jul 10, 2012 9:58:32 AM Ignore FieroGT Report Abuse This smells of rotten eggs!
rugbyphil Champion Author Las Vegas Posts:22,764 Points:3,517,460 Joined:Apr 2003	Message Posted: Jul 10, 2012 9:56:29 AM Ignore rugbyphil Report Abuse that's the problem; it's the same news!
ScottTee Champion Author Detroit Posts:4,391 Points:1,063,595 Joined:Mar 2010	Message Posted: Jul 10, 2012 9:56:13 AM Ignore ScottTee Report Abuse Government driving even more businesses "Out of Business" !!
laurash01 Sophomore Author Chicago Posts:167 Points:345,360 Joined:Mar 2011	Message Posted: Jul 10, 2012 9:56:04 AM Ignore laurash01 Report Abuse sucks
GasSpy007 Champion Author New York City Posts:1,821 Points:488,325 Joined:Nov 2011	Message Posted: Jul 10, 2012 9:54:40 AM Ignore GasSpy007 Report Abuse WOW.. the news gets freakier every day huh??
rippertoo Champion Author Tacoma Posts:5,755 Points:1,141,835 Joined:Jan 2010	Message Posted: Jul 10, 2012 9:51:41 AM Ignore rippertoo Report Abuse The tax money was paid by and belongs to the people of CT. Why should they have to pay for the cleanup of a problem they didn't create because a business owner didn't carry insurance to cover this problem. Sounds like another poor business decision that finally caught up with the owners.
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Jul 10, 2012 9:51:21 AM Ignore Galmar352 Report Abuse Someone had some PPP!!
Soglaos Champion Author Virginia Beach Posts:2,771 Points:740,405 Joined:Feb 2011	Message Posted: Jul 10, 2012 9:50:58 AM Ignore Soglaos Report Abuse ok
kosciak Champion Author Hartford Posts:1,106 Points:534,275 Joined:Aug 2011	Message Posted: Jul 10, 2012 9:50:16 AM Ignore kosciak Report Abuse like always stupid law in ct
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: Jul 10, 2012 9:50:02 AM Ignore grammamNV Report Abuse insurance companies are almost as bad as oil companies and they shouldn't be counting on the feds either
Indy1 All-Star Author Quad Cities Posts:877 Points:803,725 Joined:Apr 2008	Message Posted: Jul 10, 2012 9:48:33 AM Ignore Indy1 Report Abuse ok
TXGasPriceSpy Champion Author Fort Worth Posts:7,810 Points:1,472,275 Joined:Sep 2008	Message Posted: Jul 10, 2012 9:48:24 AM Ignore TXGasPriceSpy Report Abuse Smart, very smart.