Seven states reported gas stations without fuel on Tuesday.
2.5 million barrels of gasoline a day along the East Coast, and the Southeastern United States has few alternative pipelines for their fuel. While a prolonged outage could have severe effects on the U.S. gas supply, Wells Fargo analyst Roger Read said Monday there will be “no significant or lasting impacts” on fuel prices or supply if the pipeline is running within a week of the shutdown.
However, GasBuddygasoline demand increased 20% on Monday due to reports of the outage, and demand jumped 40% in four states most likely to be affected by Colonial—Georgia, South Carolina and Virginia—and one state less likely to be affected: Florida. . That’s how long it’s been since U.S. average gas prices creeped as high as $3 a gallon in 2014.
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