Business. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. All rights reserved. Colonial Pipeline Gasoline Leak September 20, 2016 The Cahaba River has very narrowly missed a potentially disastrous gasoline leak from the Colonial Pipeline in west Shelby County. All times are ET. Mansfield Oil, a fuel distributor, has warned its customers to take fuel savings measures and to place their orders early. #GasPrices may rise 5-15c in GA, NC, TN, VA and 10-20c in SC over the next week due to supply/pipeline outage. Colonial Pipeline has restarted the gasoline pipeline in Alabama that was shut down after a major leak, which caused shortages and surging fuel prices across the South. Colonial Pipeline leak: Damaged pipe will be sent to independent lab for analysis Updated Jan 13, 2019; Posted Sep 30, 2016 Colonial Pipeline gasoline spill in Shelby County Tanker trucks line up at a Colonial Pipeline facility in Alabama in 2016, during an earlier spill of 250,000 gallons of gasoline. The closure has set off an industry-wide scramble as suppliers seek alternative ways to transport gasoline to the East Coast. Thursday was the day that stations in most of the country could start using the cheaper winter blend of gasoline rather than the summer blend, which is formulated to combat smog. We can only hope Colonial and their subcontractors can get a handle on this situation before another explosion happens in a more densely populated area. headquartered in Alpharetta, Georgia, "is the largest U.S. refined products pipeline system and can carry more than 3 million barrels of gasoline, diesel and jet fuel between the U.S. Gulf Coast and the New York Harbor area." Prices have yet to move much. Six states are affected (Alabama, Georgia, Tennessee, North Carolina, South Carolina, and Virginia), with Alabama, Tennessee, Georgia and Virginia declaring states of emergency. All rights reserved. Source. Not far from here, a major gas pipeline is buried in the ground. First published September 16, 2016: 3:10 AM ET, These are your 3 financial advisors near you, This site finds and compares 3 financial advisors in your area, Check this off your list before retirement: talk to an advisor, Answer these questions to find the right financial advisor for you, An Insane Card Offering 0% Interest Until Nearly 2020, Transferring Your Balance to a 14-Month 0% APR is Ingenious, The Top 7 Balance Transfer Credit Cards On The Market Today, Get $300 Back With This Outrageous New Credit Card. Factset: FactSet Research Systems Inc.2019. "You're going to see some places without gasoline," he said. The pipeline shut down for 11 days in September 2016 due to an underground leak and in November 2016 due to a deadly fire breaking out along a section of the pipeline in Alabama. 2016 Colonial pipeline leak → September 2016 Colonial pipeline leak – They dun did it again as of October. Ships have already been dispatched to carry fuel from Texas to New York as part of the effort. The events described by this page are, therefore, not the 2016 Colonial Pipeline leak anymore. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The 2016 Southeastern United States gasoline shortage was an phenomenon caused by the 2016 Colonial Pipeline Leak and the resulting panic buying in which many gas stations across six states have entirely run out of gasoline, causing price hikes, halts of services, and … There are also likely to be far more tanker trucks on the road carrying gasoline than normal said Tom Kloza, chief oil analyst with the Oil Price Information Service. © 2020 Cable News Network. [1] The same line suffered an explosion in late October at a site only miles distant. As of May 11, Colonial Pipeline has not been added to the DarkSide leak site. The more I dig into this gas pipeline leak situation the worse it gets. A Warner Media Company. Smoke rises following an explosion of a Colonial Pipeline, Monday, Oct. 31, 2016, in Helena, Ala. ... gas leak. [2], 2016 Southeastern United States gasoline shortage, "Colonial Pipeline: At least 42,000 gallons of gas leaked from line", "Colonial says main gasoline line could open by Saturday", https://en.wikipedia.org/w/index.php?title=2016_Colonial_pipeline_leak&oldid=914930556, September 2016 events in the United States, Creative Commons Attribution-ShareAlike License, This page was last edited on 10 September 2019, at 06:12. Explainer-Will Colonial Pipeline shutdown spike U.S. pump prices? Gas prices typically fall at this time of year. Tanker trucks line up at a Colonial Pipeline Co. facility in Pelham, Ala., near the scene of a 250,000-gallon gasoline spill on Friday, Sept. 16, 2016. On Monday, September 12, 2016, a leak in the Colonial Pipeline in Shelby County, Alabama, spilled an estimated 350,000 US gallons of summer-grade gasoline, requiring a partial shutdown of the pipeline, and causing gas shortages in much of the Southeastern United States. On Monday, September 12, 2016, a leak in the Colonial Pipeline in Shelby County, Alabama, spilled an estimated 350,000 US gallons of summer-grade gasoline, requiring a partial shutdown of the pipeline, and causing gas shortages in much of the Southeastern United States. #halloween 2016 #helena #alabama gas explosion. "People are going to be seeing a 5 to 10 cent a gallon increase at a time they're normally seeing a 5 to 10 cent a gallon price drop," said Kloza. All Rights Reserved. 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. The later leak may or may not be covered in this article, and that affects what the title should be. 204.29.102.205 23:29, 1 November 2016 (UTC) Wait and see. The leak occurred on Sept. 9 in a rural area south of Birmingham, Alabama, on a portion of the pipeline that's 53 years old. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Morningstar: © 2019 Morningstar, Inc. All Rights Reserved. Most stock quote data provided by BATS. ... 2016… They're only up a penny or two in the last week in states such as Georgia, South Carolina and Tennessee, according to AAA. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. According to Colonial Pipeline staff, as of September 20 the gasoline is no longer leaking and the pipeline will be flowing again by tomorrow. The cause of the leak is … In the past, prolonged shutdowns of the Colonial system have caused gas prices to surge there. The Colonial Pipeline is, without a doubt, the most important finished product pipeline in the U.S. The leak, discovered by a mining inspector who smelled a fuel odor in Helena, Alabama, released about 6,000 to 8,000 barrels (252,000-336,000 gallons) of gasoline. Related: Global glut forecast puts pressure on oil prices. And not every station will be able to get the gasoline it needs, he said. The line put Colonial in the national spotlight recently when a leak spilled about 300,000 gallons of gas not far from Bishop’s Depot Deli. Colonial shut its main gasoline pipeline, Line 1, after the pipeline spilled an estimated 350,000 gallons of gasoline due to a leak in Alabama. The cause of the leak is currently unclear. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. The Colonial pipeline is owned by a company of the same name, which is, in turn, controlled by companies including Koch Industries (its largest shareholder, which made … CNN Sans™ & © 2016 Cable News Network. ET: This post has been updated with additional information provided on Sunday by Colonial Pipeline. The governors of Alabama and Georgia have already declared states of emergency. APRIL 2016 - INTEGRITY PROBLEM This explosion is about five miles west from a recent Colonial Pipeline gasoline leak. On Sept. 9, a gas leak was discovered along the Colonial Pipeline service line outside of the city of Helena. 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. Update 5/9/2021, 8:00 p.m. As we reported yesterday the Colonial Pipeline that pumps gasoline from Houston, Tx to southern New York state became damaged on Friday September 9, 2016. 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. Colonial Pipeline initiated a shutdown of Line 1 within 20 minutes of receiving the report about a potential leak. Enterprise Product Partners (Cushing, OK) 23 October 2016 – 307,734 gallons of crude oil were split … A crucial pipeline that carries gasoline and other fuel to the U.S. East Coast has been shut down for the second time in two months, bringing a new threat of price hikes at the pump. 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. The company said the supply of gasoline is currently very thin along the closed pipeline, and that it was trucking in supplies from the coast to meet demand. Source. Drone footage via #pocahontas Rd. 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