Major Gasoline Pipeline Could Restore Service Sunday

Major Gasoline Pipeline Could Restore Service Sunday

Major Gasoline Pipeline Could Restore Service Sunday

Pump prices have surged in south Louisiana - the average for a gallon of regular gasoline rose from about 7 cents in Baton Rouge and Lafayette and 8 cents in New Olreans from a week ago, AAA reported.

Now that Hurricane Harvey has caused the Colonial Pipeline to shut down, the uncertainty surrounding gasoline supply in North Texas has created a run on gas stations.

USA gasoline futures spiked 14% to $2.163 per gallon in recent trading.

The Colonial Pipeline, a crucial artery in the nation's fuel supply network, runs from the Houston area to NY harbor and includes more than 5,500 miles of pipeline, most of it underground.

The energy situation during Harvey differs from Hurricane Katrina, when the Colonial pipeline was forced to temporarily close from power outages. Refineries in Lake Charles could shut or reduce rates as Harvey moves east.

In anticipation of shortages, Gov. Roy Cooper issued executive orders Thursday that will help keep the state stocked with gas.

Parts of Texas have been hit by more than 50in of rainfall since Hurricane Harvey landed on 25 August, setting new records before it was downgraded to a tropical storm and, late on Wednesday, to a tropical depression.

"We do expect gas prices to continue increasing upwards of 10 to 20 cents", Casselano said.

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The Colonial Pipeline is the largest system to carry fuel between the Gulf of Mexico and NY. The cost of a gallon of gas at some stations across Marietta Thursday pushed $2.60, though others offered fuel for about 30 cents cheaper.

U.S. fuel prices have risen by more than 10 cents a gallon compared with a week ago, to almost $2.45 on average nationwide, according to the American Automobile Association, amid reports that some East Coast refineries were running out of petrol. One commenter, Angela Flynn said, in part, "Just get gas like normal, all these people getting insane and getting more than normal is what is causing the shortage".

Doroshanko says this shutdown is completely different and drivers don't need to worry about stocking up on gasoline or seeing gas prices top $3 per gallon.

One caller said it is $2.55 a gallon on Gordon Road. The average price per gallon in NY rose from $2.504 to $2.538 from Wednesday to Thursday, according to AAA.

Alabama's average Thursday was $2.21, up from Wednesday's average of $2.16. Among the reasons: About one-quarter of the Gulf Coast's oil refining capacity was taken offline, according to the Oil Price Information Service.

"We continue to work expeditiously to complete final repairs to our facilities damaged by the storm, and to assess our lines and right of ways to ensure the integrity of our system between Houston and Hebert", the company said in a news release. Additionally, DOE released 500,000 barrels of oil from the U.S. Strategic Petroleum Reserve - the nation's reserve of crude oil.

Major pipelines carrying gasoline and diesel fuel to Midwest and East Coast markets have been either throttled back or shut because of reduced supply. Motiva said restarting the refinery would depend on floodwaters receding.

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