Data: S&P Global Platts; Map: Lazaro Gamio / Axios
Colonial Pipeline is shutting down its major arteries that bring large amounts of gasoline and other refined products to markets thousands of miles into the Northeast and states in between.
- "Once Colonial is able to ensure that its facilities are safe to operate and refiners in Lake Charles and points east have the ability to move product to Colonial, our system will resume operations," the company said, via CNN.
- More context: "Colonial was already running at reduced rates due to Harvey-related disruptions at its origin point in Texas, but the closure of the entire system threatens to escalate concerns about fuel supplies in the world's largest oil consumer," the Financial Times reports.
Why it matters: It's the largest refined petroleum network in the country. The announcement from the supplier of 100 million gallons daily last night will further restrict fuel supplies and networks battered by the massive storm's flooding.