Gas Shortages Likely - High Prices -- Georgia, Alabama, Tennessee, North Carolina and South Carolina will be the first markets

CNN

East Coast faces gas shortages, price hikes after pipeline leak

A history of oil's booms and busts

A leak has caused the closure of a crucial pipeline that carries gasoline to the eastern United States, a disruption that threatens to drive up prices and leave service stations without fuel to sell.

A section of the Colonial Pipeline, which runs from Houston to New York, has been closed since Sept. 9 after a spill of roughly 250,000 gallons was discovered in rural Shelby County, Ala.

The major pipeline, one pipe of which has been severed, provides gasoline for an estimated 50 million people on the East Coast each day, according to company estimates. The cause of the leak has yet to be determined, according to the company's most recent statement.

The pipeline's operator has said full service will not be restored until at least next week. The major pipeline, one pipe of which has been severed, provides gasoline for an estimated 50 million people on the East Coast each day, according to company estimates. The cause of the leak has yet to be determined, according to the company’s most recent statement.
The pipeline’s operator has said full service will not be restored until at least next week. The closure has set off an industry-wide scramble as suppliers seek alternative ways to transport gasoline to the East Coast.



Not every station will be able to get the gasoline it needs, he said.

“You’re going to see some places without gasoline,” he said. “It’s like a mini-hurricane.”

The pipeline operator said that based on its current projections, parts of Georgia, Alabama, Tennessee, North Carolina and South Carolina will be the first markets to suffer potential supply disruptions.

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