Storage tanks at the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, U.S., on Monday, Sept. 19, 2016. Fuel suppliers are growing increasingly nervous about the possibility of gasoline and diesel shortages across the eastern U.S. almost two days after a cyberattack knocked out a massive pipeline.Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.
The pipeline connect refineries throughout the Southern and Eastern United States through a pipeline system that spans more than 5,500 miles between Houston, Texas and Linden, New Jersey. Koch Capital Investments Co. LLC and Shell Midstream Operating LLC are among the five entities that own the pipeline.
“Similar to the February freeze crisis, the impacts will be localized. While northeastern and southeastern states may see increased prices at the pump, other regions with more robust products inventories, such as the U.S. Gulf Coast, may not see the same price surge,” according to Rystad Energy. refinery economics, regional units have shut over recent years, leaving the U.S. Northeast as the least independent and energy secure district in the country,” wrote RBC’s Tran.
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