Colonial Pipeline, the largest refined products company in the US, announced on Tuesday that they have restarted Line 1 between Houston and Lake Charles due to storm Harvey.
The company announced on Monday that Line 2 had been restarted. In a final Harvey related update from the Bureau of Safety and Environmental Enforcement on Monday, “From Gulf of Mexico operator reports, BSEE estimates that approximately 6.94 percent of the current oil production of 1,750,000 barrels of oil per day in the Gulf remains shut-in, which equates to 121.484 barrels of oil per day. BSEE also estimates that about 8.05 percent of the natural gas production of 3,220 million cubic feet per day, or 259.19 million cubic feet per day, remains shut-in.”
Prices for regular gas in Boone on Tuesday (September 5, 2017) range from $2.45 to $2.75. Eight stations were selling for $2.65 a gallon, according to North Carolina Gas Prices. That’s compared to between $2.35 and $2.59 back on Thursday August 31.
Attention now will turn to Hurricane Irma, a category 5 storm as of Tuesday. Depending on Irma’s track, gas prices could be impacted due to high demand in south Florida, and further inland.