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Thursday, November 28, 2024

Latest News on the Shutdown: Pipeline Resumes Operation

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The operator of Colonial Pipeline said on Wednesday that it had started to resume pipeline operations.

“It will take several days for the product delivery supply chain to return to normal,” the company said on its website. “Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period.”

The pipeline, which stretches from Texas to New Jersey, had been shut down since Friday after a ransomware attack.

Over the last few days, Colonial has opened segments of the pipeline manually to relieve some supply pressures in a few states, including Maryland and New Jersey. But anxiety has persisted despite the assertions of industry analysts that the impact of the shutdown would remain relatively minor as long as the artery was fully restored soon.

Gasoline in Georgia and a few other states rose 8 to 10 cents a gallon on Wednesday, a price jump typically seen only when hurricanes interrupt Gulf of Mexico refinery and pipeline operations.



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