Pipeline shutdown could lead to price spikes, shortages — and problems for East Coast airports

Passengers wait in line to check in and drop off luggage at Hartsfield-Jackson Atlanta International Airport on April 7.While there seems to be a light at the end of the tunnel for the stricken Colonial Pipeline, as the company said Monday that it expects the outage to be resolved by the end of the week, oil analysts say drivers in the Southeast, from roughly Alabama to potentially as far north as the nation's capital, could see brief supply disruptions.

"It's not so much a pricing event even for the affected area. This is going to be a supply event," said Patrick DeHaan, head of petroleum analysis at GasBuddy.com. Landlocked Southern cities — Atlanta, in particular — risk running low on fuel, numerous oil analysts said. Of particular concern is Hartsfield-Jackson Atlanta International Airport: The airport, the primary hub of Delta Air Lines, was the country's busiest before the coronavirus pandemic. The sharp curtailment of air travel, particularly business travel, is a silver lining in this case, an expert said.

If the outage had been projected to drag on for multiple weeks, refiners along the Gulf Coast could have been forced to throttle production, because they would have no place to pump the refined product."If the pipeline doesn't restart, refiners have to reduce their operation, because they're going to run out of storage space," Lipow said.

"This is definitely a bad situation. Price will be impacted, but it won't be anything like the number of likely outages we could see, especially if motorists panic and hoard," DeHaan said. There are other ways to get fuel to areas where supply could be at risk, but they are slower, more fragmented and pricier.

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