With the Colonial Pipeline shut down due to last week’s ransom hacking, the Eastern United States has found itself running out of fuel. The line was shut down on Friday as a precaution and we’ve since learned that it’s not going to be reopened until this weekend — and maybe not even then.
While this has left some of us with fuel prices creeping aggressively toward $3 per gallon, other parts of the East Coast have seen panic buying and legitimate outages. But it’s hardly surprising when you consider the Colonial Pipeline is the country’s largest. Turning off the tap has ramifications and they’re manifesting all across the coast, though the situation appears to be substantially worse in southern states.
America’s largest gasoline pipeline returned to operational status today after an explosion in Alabama six days ago killed one worker and injured five others.
Following repair delays caused by an interior fire, Colonial Pipeline Company announced that its Line 1 pipeline was restarted early Sunday morning. However, it will take several days for the fuel delivery supply chain to return to normal. The same goes for pump prices.
Global oil prices are on the rise as the crisis in Iraq contributes to market instability. Large chunks of Iraq’s oil production infrastructure have fallen under militant control, leading to a sharp drop in output. Meanwhile, Canadian officials are upset with the Obama administration’s handling of the Keystone pipeline. They contend that the inaction on Keystone is keeping millions of barrels of Alberta crude from reaching more profitable markets.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- EBFlex So all the reasons that were present and caused Ford to substantially raise prices less then a year ago are no longer present? What changed? Does it still cost Ford $25K more to make a fake Mustang than it does a comparable Edge? “The Michigan-based company cites “significant material cost increases,” supply chain issues and changing demand for the new higher prices. ”So those issues are solved?
- Stanley Steamer What is that white roadster in the background?
- Bufguy The Seville was not an X car....Yes the Seville was based on the x car platform but the changes were so extensive that GM designated the platform “K,” because it very little in common with the X. Only the rear subframe, front suspension, part of the floor and the roof were carried over unchanged.
- Spookiness I kind of like this. Somebody in my building had a late (77?) Chevy Concours, silver with burgundy cloth interior.
- Jeff S These were good cars. Came close to buying a new 75 Chevy Nova 2 door. My father had a 62 Chevy II 300 for 12 years which my 2 brothers and I drove to high school and then I drove the 1st year of college. My middle brother had a 2 door Limited Skylark X car with the 4 cylinder, fuel injection, and 4 speed manual that went well over 200k miles--it had the most comfortable red velour seats it was light gray with a maroon half vinyl top. He never had to replace the clutch and mostly routine mileage mostly highway.