Largest refined petrolium pipeline to shut down today to the east coast

Colonial Pipeline Co [COLPI.UL], the biggest U.S. fuel system, said it would shut its main diesel and jet fuel line on Wednesday evening and its gasoline line on Thursday because of outages at its supply points from Tropical Storm Harvey and a lack of supply from refiners.

The news sent U.S. gasoline prices RBc1 surging to a two-year high of $1.9350 a gallon, while margins RBc1-CLc1 jumped to a two-year high of $24.38 a barrel, as Asia markets opened.

The pipeline connects the refineries of the Gulf Coast to the populous East Coast, transporting more than 3 million barrels of fuel every day.

Colonial became the second major fuel pipeline operator with origins in the Gulf Coast to suspend operations because of the storm that brought devastating flooding to the region. The Explorer Pipeline, which has a capacity of 660,000 barrels a day, said on Wednesday it had shut its main fuel line from Houston to Tulsa, Oklahoma, as supplies dwindled.

https://www.reuters.com/article/us-storm…SKCN1BA2Z6

Anything to raise those prices...Never let a good crises go to waste.