WebJun 14, 2024 · East Coast inventories declined to ... Oil and gas exploration and production is expensive and no company is going to invest those funds if the policies from the Presidency are anti-oil and gas or if pipelines cannot be completed. Goldman Sachs predicted that oil prices could hit $140 per barrel this summer, up from about $120 … WebApr 26, 2024 · The Colonial Pipeline is one of the largest and most vital oil pipelines in the U.S. It began in 1962 to help move oil from the Gulf of Mexico to the East Coast states. …
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WebJun 8, 2024 · The pipeline provides nearly half of the East Coast’s fuel supply, and a prolonged shutdown would have caused price increases and shortages to ripple across the industry. This was largely ... WebApr 7, 2024 · 1. Gasoline Might be a Problem for US East Coast. • As US gasoline stocks have fallen to their lowest for this time of the year since 2012, at 222 million barrels, the … WebMay 11, 2024 · The company announced that it hopes to restore service by the end of the week. significant mode of shipment for transportation fuels for the East Coast, particularly for several states in the southeastern United States. The pipeline carries refined petroleum products such as gasoline, diesel, heating oil, and jet fuel from Houston, Texas, on ... temperature in southern pines nc