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According to Bloomberg, the sharp surge in U.S. gasoline futures prices due to the leak began to reverse on Monday as gas station operators began to receive fuel arriving by ships and other means.
A major American automobile fuel oil carrier <> had its oil pipeline leaked and the relevant lines were shut down after a leak occurred on January 1. The main line of gasoline that leaked has a daily transport capacity of 10,000 barrels per day. It is the main source of fuel supply from the Gulf of Mexico to the East Coast. It supplies gasoline to approximately 10 million people on the East Coast every day. The pipeline closure since March has caused the interruption of more than 10,000 barrels of gasoline transportation.
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If you want to restart the pipeline, you need to obtain government approval. It is reported that the company is building another pipeline that will bypass the section where the leak occurred. Alabama Governor Bentley (<>RbB) said at a press conference on Monday that the new pipeline is expected to be completed this week.
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