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Colonial Pipeline resumes operations after shutdown for Hurricane Ida

Colonial Pipeline resumes operations after shutdown for Hurricane Ida

DIGITAL MARKETING NEWS

Colonial Pipeline resumes operations after shutdown for Hurricane Ida

Why gas prices change all the time in the USGas prices and quality differ from city to city and state to state. Here’s everything you need to know about how gasoline in the U.S. works.Just the FAQs, USA TODAYA vital fuel transporter in the Southeast U.S. has restored operations following a temporary shutdown during Hurricane Ida, likely alleviating concerns about a new round of gas shortages in the region.The Colonial Pipeline Co. said Tuesday that it had restored service on two lines running from Houston to Greensboro, North Carolina, that had been taken offline in advance of the storm.The company said service resumed late Monday night.The pipeline carries oil and gas products from facilities along the Gulf Coast to the Southeast U.S. for distribution to retail outlets.”After receiving clearance to enter the impacted areas, the crews followed rigorous procedures to inspect the infrastructure for integrity and completed all restart protocols,” the Colonial Pipeline Co. said in a statement.Awareness of the Colonial Pipeline’s role in American energy security was heightened in May, when the company was the victim of a ransomware attack.The attack caused a temporary shutdown that triggered panic buying, leading to fuel shortages at gas stations along the East Coast for days.Hurricane Ida is expected to have an effect on the nation’s fuel infrastructure and consumption. Pain at the pump: Gas prices likely to jump as Hurricane Ida affects gasoline production along Gulf CoastHurricane Ida hits: Colonial Pipeline temporarily halts fuel deliveryMultiple major gas refineries halted operations due to the storm. And about 96% of the oil production in the Gulf of Mexico was temporarily shuttered, according to the U.S. Bureau of Safety and Environmental Enforcement.As the storm subsides, refineries and oil rigs will begin to assess damages. The outcome of those assessments could lead to additional downtime.”The biggest concern is probably not so much the wind but the flooding,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Refineries are built pretty solid right now, but one thing they can’t really plan around is the rain.”He predicted that the national average price of gasoline would increase by 5 cents to 15 cents within the next two weeks. Tuesday’s average was $3.16, up 1 cent from a week earlier, according to AAA. You can follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday morning.


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