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Saturday, September 17, 2016

East Coast faces gas shortages after pipeline leak

NEW DELHI (CNNMoney) —A leak has caused the closure of a crucial pipeline that carries gasoline to the eastern United States, a disruption that threatens to drive up prices and leave service stations without fuel to sell.

A section of the Colonial Pipeline, which runs from Houston to New York, has been closed since Sept. 9 after a spill of roughly 6,000 barrels of gasoline was discovered in rural Shelby County, Ala.

The major pipeline, one pipe of which has been severed, provides gasoline for an estimated 50 million people on the East Coast each day, according to company estimates.

The pipeline's operator has said full service will not be restored until at least next week. The closure has set off an industry-wide scramble as suppliers seek alternative ways to transport gasoline to the East Coast.

Already, ships have been dispatched to carry fuel from Texas to New York as part of the effort



Anonymous said...

I noticed that prices have already jumped 15 cents over night. This is such BS. They have been ripping us off for years by the billions, and not keeping up with their ancient infrastructure and now want us to pay more because it failed.

Anonymous said...

always an excuse. how about the pipeline severed purposefully?

Anonymous said...

10:51: That 15 cents overnight increase is the result of your local retail sellers ripping off their customers. It was not the result of any increase in the price of wholesale gas, or any deliveries to the retailer. Pay attention to who did it, and who didn't. Don't buy gas locally from the ones who raised their prices overnight based on a news report.