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mahatmakanejeeves

(62,735 posts)
Tue Jan 14, 2025, 03:31 PM Jan 14

Colonial Shuts Largest US Gasoline Pipe to Investigate Leak

Source: Bloomberg, via Yahoo! Finance

Bloomberg
Colonial Shuts Largest US Gasoline Pipe to Investigate Leak

Nathan Risser, Jack Wittels and Christopher Charleston
Tue, January 14, 2025 at 3:01 PM EST 1 min read

(Bloomberg) -- Colonial Pipeline Co. shut the largest US fuel pipeline Tuesday to investigate a potential leak in Georgia. ... The company’s Line 1 transports 1.5 million barrels a day of gasoline between Houston, Texas, and Greensboro, North Carolina.

The shutdown is expected to last about 12 hours, according to people familiar with the matter who asked not to be named discussing private matters.

New York gasoline futures on Tuesday touched the highest since October.

Colonial confirmed the shutdown, saying in a statement that it’s “responding to a report of a potential gasoline release on our right of way in Paulding County, Georgia.”

{snip}



Read more: https://finance.yahoo.com/news/colonial-shuts-largest-us-gasoline-181243685.html

5 replies = new reply since forum marked as read
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Colonial Shuts Largest US Gasoline Pipe to Investigate Leak (Original Post) mahatmakanejeeves Jan 14 OP
Gasoline price going up, it's Biden's fault groundloop Jan 14 #1
Yup... 2naSalit Jan 14 #3
I've very seldom thought to blame a president for gasoline prices. Igel Jan 14 #4
Oil & Gas News Oneear Jan 14 #2
In Georgia.............. DENVERPOPS Jan 15 #5

Igel

(36,543 posts)
4. I've very seldom thought to blame a president for gasoline prices.
Tue Jan 14, 2025, 11:56 PM
Jan 14

Unless there's some clear policy involved. Usually for a policy to affect gas prices years are required. Same for a lot of things--if it takes 5 years for a project to go from start to finish, no president in year 2 or 3 of his term can claim credit for it, any more than a guy who first meets a woman and then she delivers a baby boy 4 months later has a chance of having half the tyke's DNA be his. That little annoying thing called "causality" is utterly absent.

The flip side is that I've seldom thought to credit a president for gasoline prices. For all the same reasons--causality doesn't stop just because politics starts. It just falsifies the politics.

In other words ... Barring some definition causal relationship ...

Prices go up ... Not his doing.

Price go down ... Not his doing.

DENVERPOPS

(10,681 posts)
5. In Georgia..............
Wed Jan 15, 2025, 12:38 AM
Jan 15

I wonder how much it leaked before they caught it? A lot more can drain out of the pipe after they have shut it off.

No problem the Government in Georgia will apply for massive Federal financial aid and not investigate if faulty maintenance is to blame....

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