Gas prices rise even as pipeline reports ‘substantial progress’ in restoring the flow of fuel. - News Summed Up

Gas prices rise even as pipeline reports ‘substantial progress’ in restoring the flow of fuel.


Gasoline prices continued to rise across the Southeast on Thursday, but at a slower pace generally than in recent days, as the operator of Colonial Pipeline said it had made “substantial progress” in restarting its operations. The pipeline, which stretches from Texas to New Jersey and delivers nearly half of the transport fuels for the Atlantic Coast, was shut down because of a ransomware cyberattack on Friday. Operations have gathered momentum since the pipeline partially restarted late Wednesday. But prices in Tennessee, which depends on an offshoot of the pipeline, rose by 6 cents, to $2.87 for a gallon of regular. Nationwide, the average price for a gallon of regular increased by 2 cents to $3.03, according to the AAA auto club.


Source: New York Times May 13, 2021 18:22 UTC



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