Fuel flows once more since colonial pipeline is working to Ida. resumes

A key fuel transporter in the southeastern US has returned to service after a temporary shutdown during Hurricane Ida, which is likely to ease concerns about another round of gas shortages in the area.

Colonial Pipeline Co. announced Tuesday that it has restored service on two lines from Houston to Greensboro, North Carolina that had been taken offline before the storm.

The company said that service resumed late Monday evening.

The pipeline transports oil and gas products from facilities along the Gulf Coast in the southeastern United States for distribution to retail outlets.

“After the crews were cleared to enter the affected areas, the crews followed strict procedures to check the infrastructure for integrity and ran all restart logs,” Colonial Pipeline Co. said in a statement.

Awareness of the Colonial Pipeline’s role in US energy security was raised in May when the company was victim of a ransomware attack.

The attack resulted in a temporary shutdown that triggered panic buying and resulted in fuel shortages at gas stations along the east coast for days.

Hurricane Ida is expected to have an impact on the country’s fuel infrastructure and consumption.

Pump pain:Gasoline prices are likely to rise as Hurricane Ida impacts gasoline production along the Gulf Coast

Hurricane Ida hits:Colonial Pipeline temporarily suspends fuel delivery

Several large gas refineries ceased operations due to the storm. And about 96% of oil production in the Gulf of Mexico has been temporarily shut down, according to the US Bureau of Safety and Environmental Enforcement.

When the storm subsides, refineries and oil rigs will begin assessing damage. The outcome of these assessments could result in additional downtime.

“The main concern is probably not so much the wind as the flooding,” said Patrick De Haan, Head of Petroleum Analysis at GasBuddy. “Refineries are pretty solid right now, but one thing they can’t really plan is the rain.”

He predicted that the nationwide average price for gasoline would rise by 5 cents to 15 cents in the next two weeks.

According to the AAA, the average on Tuesday was $ 3.16, 1 cent more than a week earlier.

Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.

Comments are closed.