East Coast Gas Shortage
Anyone been having trouble getting gas in GA, SC or NC due to Pipeline break in AL ?
Forum Discussion
Colonial Pipeline is owned by a few big oil companies. There is tank farm in Atlanta and a few other cities. There may be an increase in price if longer hauling from distributor to stations.
All I know is that the day the US went into Kuwait, the refinery I was pulling diesel from locked the gates at 12:00 PM and the next day, price nearly doubled. I had told our buyer to load up as much as we could hold in the morning because my NYMEX evaluator broadcasted that big oil had met, smoked a few cigars, and had come up with a raise of $.05/gal. My advice was not heeded and we paid $40K for that dawdling.
All I know is that the day the US went into Kuwait, the refinery I was pulling diesel from locked the gates at 12:00 PM and the next day, price nearly doubled. I had told our buyer to load up as much as we could hold in the morning because my NYMEX evaluator broadcasted that big oil had met, smoked a few cigars, and had come up with a raise of $.05/gal. My advice was not heeded and we paid $40K for that dawdling.
