Colonial Line 1 Outage and Choked East Coast Gasoline Market Resulted in Record Stock Changes, Supply Imbalances, and Regional Rally
Due to a leak detected near Birmingham, AL, Colonial Pipeline Line 1 was placed out of service between September 9 and September 21, with implications felt regionally and worldwide.

Gasoline stocks in the Lower Atlantic region plunged as a result, recording a record-setting 6 million barrel draw from 28 million to 22 million barrels. This 21% change outstripped the previous record draw of 2.9 million set in Ju...

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