- Colonial Pipeline says it expects to restart its major pipeline tomorrow after completing the installation of a new 500-ft. section of pipe to bypass a leak, while warning that it will take several days for the fuel delivery supply chain to return to normal.
- The pipeline normally carries more than 1M bbl/day of gasoline, and filling the pipeline back up is not like flipping a switch; while the bypass section is just as large as the original pipeline, it could take days for the pipeline to return to full rates.
- With the pipeline largely out of commission since Sept. 9 when a leak was discovered in Alabama, gasoline prices have surged in southeastern states including Georgia, Alabama, South Carolina, North Carolina, Tennessee and Virginia.
- Colonial Pipeline is owned by Koch Industries, South Korea’s National Pension Service, Royal Dutch Shell (RDS.A, RDS.B) and others.
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