03 Nov '12, 1pm

Drumbeat: November 3, 2012

Posted by Leanan on November 3, 2012 - 10:58am Sandy Bottles Up the East Coast Gasoline Market With the terminals unable to accept more product, or load it onto trucks to deliver to area gas stations, the pipelines that connect to them have had to shut down. The Colonial Pipeline is the primary gasoline artery to the Northeast, carrying some 2.4 billion barrels a day of gasoline, diesel, and other fuels to the Northeast from the Gulf Coast. With nowhere to deposit that fuel, a huge chunk of the Colonial has been closed. Though Colonial’s operations have slowly begun to resume, the resulting pipeline closure has caused a huge back-up in the system that is rippling all the way down to the Gulf Coast. “Supplies on the Gulf Coast are starting to back up and look for other outlets,” says Andy Lipow, president of Lipow Oil Associates, a consulting firm in Houston. Lipow estimate...

Full article: http://www.theoildrum.com/node/9600

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Drumbeat: November 2, 2012

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