Explainer-Will Colonial Pipeline shutdown spike US pump prices? By Reuters – Investing.com

  • Date: 09-May-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Explainer-Will Colonial Pipeline shutdown spike US pump prices? By Reuters – Investing.com

By Devika Krishna Kumar

NEW YORK (Reuters) - The largest U.S. fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyber attack, prompting worries about a spike in gasoline and diesel prices ahead of the peak summer driving season if the outage does not end soon.

WHAT IS COLONIAL PIPELINE?