Gas Pipeline Repaired – Expect Lower Prices

By | November 7, 2016

After shutting down due to an explosion on Monday night, Colonial Pipeline restarted Line 1 at 5:45 a.m. CST. Subsequent to Sunday’s successful restart, it is expected to take several days for the fuel delivery supply chain to return to normal. This map of the Colonial system reflects how re-supply will arrive at different markets.

Motorists will notice uneven prices in the next week or so. Popular name-brand gasolines may not move much at all, but prices for non-branded gasoline could be 5-10 cents higher. These inflated prices may remain for the next 8-10 days, but should not prevail much longer than that.

Since the outage, state averages rose 8 cents in Georgia and 3 cents in Tennessee, but leveled-off over the weekend. The pipeline outage had no effect on gas prices in Florida, because the state is primarily supplied by waterborne shipments from Gulf Coast refineries.

CURRENT AND PAST PRICE AVERAGES

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago One Year Ago Two Years Ago
National $2.219 $2.222 $2.213 $2.246 $2.222 $2.955
Florida $2.204 $2.209 $2.231 $2.185 $2.138 $2.931
Georgia $2.240 $2.240 $2.170 $2.293 $2.116 $2.853
Tennessee $2.059 $2.060 $2.041 $2.136 $2.013 $2.713


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