Virginia fuel leak shuts off part of colonial pipeline

DANVILLE, Virginia (AP) — A diesel fuel leak in Virginia has shut down part of the Colonial Pipeline, the nation’s largest fuel pipeline that supplies about half of the fuel consumed on the East Coast, but is expected to restart on Saturday, the company said. said.

The spill was discovered on Tuesday. And while that particular line is down, the rest of the system is working fine, company spokesman David Conti said in an email.

According to Patrick De Haan, head of oil analysis at GasBuddy, the incident should not affect gas prices much.

“The key being shouldn’t,” he said. “Obviously, Colonial is a key artery supplying refined foods to the East Coast… That might be nothing. And it could turn into something” if normal operations don’t resume quickly.

One highlight is that demand for fuel has declined since the holidays, while a significant number of people are still working from home, De Haan said. Gasoline demand is about 10% less than before the COVID-19 pandemic.

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