Saturday, September 17, 2016

"No Fuel Service at Greensboro [New Garden Sheetz] Gas Station Due to Colonial Pipeline Leak"

"Some drivers pulling in to fill up at the Sheetz on New Garden Road in Greensboro Friday night saw that all the pumps were bagged.

Notes were also posted at each one telling customers the station couldn't provide gas because it sources its fuel from the colonial pipeline."
"The outage is expected to hit the East Coast and Southeast markets the most.

Colonial Pipeline Co aims to restart a key U.S. gasoline line by Thursday after delays to repair a leak boosted fuel prices, but analysts expect some motorists to feel the sticker shock for longer.

...the ongoing partial shutdown of the vital artery that flows 1.2 million barrels per day of gasoline and other products.
The company has restarted operations at some parts of its gasoline pipeline at reduced rates, and is also pumping fuel on its distillate line, which has been completely restarted. The restart of the gasoline line was pushed to next week because of gasoline vapors at the site, the company said.

...Colonial said it was also considering constructing a temporary segment of pipeline around the leak site. On Friday, the company increased its estimate of the volume of the spill to a range of 6,000-8,000 barrels from a previous estimate of 6,000 barrels.

...The outage is expected to hit the East Coast and Southeast markets the most, as they rely heavily on Line 1 which brings gasoline from Houston to Greensboro, North Carolina, and on another line that ends in Linden, New Jersey.

...“The immediate concern is availability in these areas, but even after the pipeline is fully restored, you still have racks and terminals that are trying to beef up their inventory to pre-outage levels and that’s going to be a struggle.”

While the supply disruption led to increased buying for prompt gasoline futures contracts on the New York Mercantile Exchange, it also helped to boost the profit for refining crude into gasoline, with the so-called gasoline crack [spread] soaring nearly 18% to a three-month high.
Lawndale Speedway gas station packed at 8:20 am, 9/17/16 as gasoline storage shifts into auto tanks

Fill up the gas tanks...