Racetrac, Love’s and Pilot Flying J release list of stations with gasoline and diesel outages due to the Colonial shutdown
A run on gasoline by individual motorists has drained inventories out of the stations and into the tanks.
The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.
Trans-Atlantic product tanker rates have spiked, but a quick pipeline restart would curb future upside.
There were plenty of conditions attached to the pipeline’s statement, but the diesel market is relieved the shutdown won’t last too long.
The FBI says the DarkSide ransomware gang was behind the cyberattack on Colonial Pipeline after the group insists it doesn’t intend to create “problems for society.”
t is going to be less-transparent cash markets that drive what diesel buyers are going to be paying at the pump for the market suddenly hit with a loss of supply.
Exemption applies to 17 states and District of Columbia
A glut that might develop in the Houston area can’t easily be transferred without the services of the giant pipeline
The major east-west highway was closed for less than 48 hours. The biggest impact on trucking may come in the next few weeks, when the crops normally hauled out of Georgia just aren’t there.
