They aren't used just for advance warning of flooding potential.
http://www.nytimes.com/2006/04/11/science/11stream.html?th=&emc=th&pagewanted=print
April 11, 2006
"Experts See Peril in Reduced Monitoring of Nation's Streams and Rivers
By JOHN SCHWARTZ
When Michael Griffin thinks about the stream gauge on the Licking River at Catawba, Ky., he says he has an uncomfortable sense that history may repeat itself.
The stream gauge, one of some 7,400 nationwide, does what its name implies: it measures the level and flow of water in a stream. The data have many uses, most prominently in providing warnings of floods.
In 1994, federal budget cuts led to the loss of a gauge on the Licking River at McKinneysburg. Three years later, a flash flood on the Licking inundated the town of Falmouth, six miles northwest, and killed four people.
The furor over the incident led to more gauges and increased federal financing. But in the past few years, budget pressures have built up once more. And this time, the gauge at Catawba is caught in the squeeze.
"We are on the same river probably within 50 miles of where we were before, and the same danged thing is happening again," said Mr. Griffin, who is the assistant director for hydrologic surveillance at the Kentucky Water Science Center. The center is part of the United States Geological Survey, which runs the nation's stream-gauge network. ...
...River flooding kills about 125 people each year and costs billions of dollars in property damage. "That's more deaths per year than are attributed to tornadoes or hurricanes," said Thomas Graziano, the chief of the hydrologic services division of the National Weather Service. ...
...And while the data from gauges are best known for alerting people to floods, the devices serves many other purposes. The data help determine how often an area might be flooded, and with what intensity; that, in turn, guides engineers and architects in building bridges, roads and communities. It helps determine the 100-year flood measurement that figures into flood insurance policies and construction regulations.
The data from the gauges also help measure the gradual changes in patterns of drought and high water. In Maine, for example, stronger stream flow in February and lower flow in May suggest that the winter ice has begun melting earlier. That can help assess the effect of global warming. But it is also important information for recreational fishermen and kayakers."