My Son-in-Law was in this w/e, he works for an engineering firm in the gas utility industry, so here is the promised update after I questioned him on the Boston event:
Yes, it seems that this was similar to the scenario in Chicago in 1992 (I posted earlier), where the NG is distributed at low pressure (< 1 PSI) at the neighborhood level, so there are no regulators at the homes/buildings. This is referred to as "District Regulation", and he says a lot of the work they do is involved in converting these old systems. So apparently it is still fairly common.
They convert to a "medium pressure" system, ~ 1 ~60 PSI, with a regulator at each meter (or maybe one for a group of co-located meters like in an apartment or commercial building). If the design pressure in a "medium pressure" system is > 10 PSI, there will be an "excess shut off" valve at the Tee. This is analogous to a circuit breaker in an electrical panel. If a construction crew were to cut through a pipe, the sudden increase in flow would be detected, and the valve would completely shut off the flow of gas to that section, and have to be manually reset after the cause was determined and repaired. And they valves are designed to be 'fail safe', that just about any conceivable failure mode would result in the gas being shut off, not stuck on. But never say never.
So that sounds a lot safer than the old "District Regulation" approach. If you do a search on those terms, you'll get lots of hits, but mostly pretty technical.
I saw a youtube video on these gas regulators, and verified that our meter does have a regulator on it. I think I'll make up a pipe/bar that could be used to shut off the gas, paint it red, and set it by our gas meter. That would be better than trying to find a wrench in an emergency.
So we will need to wait for an update on the Boston event, as to the actual cause (failed district regulator, a repair crew mistake/bypass, etc), but any increase in pressure at the 'district' level would have gone straight into those buildings.
If I did not have a regulator at my house, I think I'd be pushing the gas company for one - even if it did nothing in normal operation, it would be a last line of defense against over-pressure in the system. I'm going to check with each of my kids.
Hmmm, I forgot to ask how much over-pressure one of these regulators could take - like if the pressure in the system got way out of whack. Just looking at them, they look beefy, I doub't that they would fail under any but the most unlikely scenario.
-ERD50