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Colonial, the biggest refined products system in the United States, is responsible for supplying about one-third of the 3.2 million barrels per day of gasoline consumed on the East Coast, according to U.S. Energy Department data.
On Monday, U.S. gasoline futures jumped as much as 13 percent to $1.6351 a gallon, their highest since early June, following news of the explosion. Futures pared gains thereafter, falling by about 6 cents, or 3.7 percent.
I do not expect an explosion to spike prices at the pump. South Carolina does enforce price gouging laws. The South Carolina Department of Consumer Affairs' "Price Gouging" page is helpful.
Im just a little confused, is this break a mile away from the first leak, or is it a mile "down the line" a mile away? All the reports Ive read and saw just say a mile away.
-Both main lines shut down currently.
-imo one line should reopen soon after fire has been put down (1 line was open during the spill the other month).
-imo would expect to see prices rise and spotty outages just like last time...this is also a job death investigation which may slow initial repairs down.
As of 1pm Tuesday, the second pipeline has been restarted. The fire on the first is contained and being allowed to burn, with pipeline anticipated to remain offline 'for the remainder of this week".
Not a clear answer but maybe up sooner then last time? QT in Duncan has jumped $0.16 since this morning but nearby stations still 1.89. If I remember from the other months spill QT and Ingles seemed to have most of the spoty gas shortages while everyone else seemed to fair fine.
Both QT and Spinx seem to have raised their prices to $2.05 at most stations in the area.
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