Wholesale gasoline prices are tumbling back from post-pipeline-explosion peaks after Colonial reports the resumption of Line 2 operations and confirms Line 1 will restart on Saturday (although they warn that projection may change).
As Bloomberg reports, Colonial response crews isolated fire, site access still limited and ability to predict repair schedule “very limited,” company says in a notice to shippers.
Pipeline schedules being updated to reflect noon restart Saturday, but projection may change when additional information is available.
Colonial will evalaute crossover of gasoline into Line 2.
And sellers of RBOB appear…
via http://ift.tt/2f9uNrb Tyler Durden