Oh yeah, people were freaking out about this on one of the local pages. Now, I do lean on the side of having significant emergency supplies. Our house has lost power for 48 hours from a mild thunderstorm. It would not take a catastrophic earthquake to leave us without power for an extended period of time. Without power, our well doesn't work except via generator - which is limited by the available gasoline. We won't be high priority for emergency crews because we're in a low-density rural area. We keep water, food, emergency supplies, extra gas cans, propane cylinders, and a have plans for cooking, sanitation, light, warmth and so on. We also have small emergency kits in each car. Much of the time, preparation turns disasters into inconveniences.
EVERYONE should have at least 2 weeks worth of supplies and a plan for how to manage without running water, no matter where you are. It's not paranoia, it's practicality. When I lived in KY in 2009, we got a massive ice storm. Many people had no power for a week in the middle of winter. In rural areas, some people were without power for longer, and many could not be reached by emergency crews due to downed trees. Wells dependent on electricity didn't work either. In VA, we evacuated in the path of a hurricane that caused widespread damage, though it mostly hit the Carolinas. Again, many people without power or safe drinking water for a while. Shortly after we moved to CT, we got the tail end of Superstorm Sandy. While we were only without power for about 24 hrs, areas south of us were out for weeks. People who prepared for each event were - for the most part - fine.