Home Update: Colonial Pipeline initiates restart
Economy

Update: Colonial Pipeline initiates restart

Chris Graham
gas prices
(© pathdoc – stock.adobe.com)

Colonial Pipeline has initiated the restart of its pipeline operations as of 5 p.m. Wednesday, according to a statement on the company website.

The pipeline, which carries roughly 3 million barrels of fuel per day from Texas to New York, has been offline since May 7, when the company learned that it had been the victim of a cybersecurity attack.

The statement from Colonial Pipeline notes that it should still be several days before the product delivery supply chain can return to normal, and that some markets served by the pipeline may continue to experience intermittent service interruptions during the start-up period.

“Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal,” the company said in the website statement.

In preparation for the system restart, Colonial Pipeline taken delivery of an additional 2 million barrels (~84 million gallons) from refineries for deployment upon restart.

Chris Graham

Chris Graham

Chris Graham, the king of "fringe media," a zero-time Virginia Sportswriter of the Year, and a member of zero Halls of Fame, is the founder and editor of Augusta Free Press. A 1994 alum of the University of Virginia, Chris is the author and co-author of seven books, including Poverty of Imagination, a memoir published in 2019. For his commentaries on news, sports and politics, go to his YouTube page, or subscribe to his Street Knowledge podcast. Email Chris at [email protected].

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