Panic buying erupts as US pipeline closure sparks fear of gas shortage

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Government officials urge calm and assure the situation is only temporary. FMTNews PanicBuying

Drivers line up to fill their tanks at a gas station in Raleigh, North Carolina on Tuesday.

The operator of the largest fuel conduit system in the US, Colonial Pipeline sends gasoline and jet fuel from the Gulf Coast of Texas to the populous east coast through 8,850km of ducts that serve 50 million consumers. The shutdown raised fears the shortages would cause gasoline prices to spike just ahead of the US Memorial Day holiday, the unofficial kickoff to the summer travel season.

Regan said the EPA and Energy Department “have been actively monitoring the supply of fuel” and found that “the unusual pipeline shutdown has affected gasoline supplies”.The EPA move, effective through May 18, suspends rules that require urban areas to use fuel with additives like MTBE, which makes gasoline less polluting but also more expensive.

 

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