Topic: Colonial Pipeline Company
Many gasoline stations in areas hardest hit by hurricane Sandy remain closed, forcing motorists into long lines for precious fuel. Will pipeline, terminals, and other distribution facilities reopen before gas prices spike?
If Sunoco shutters a big oil refinery in Pennsylvania, gasoline to make up for the lost supply will need to be shipped to the East Coast from the Gulf coast or from Europe – and it will be a logistical nightmare to get it there.
A return to the $3-a-gallon gas prices of yore is possible, but it will require a number of factors. Among developments experts say could help: improved fuel-efficiency and a calmer Middle East.
The current gas crisis is worse than the 2005 shortages after hurricanes Katrina and Rita, say some experts.
09/25/2008 01:00 am