Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

PIPELINE FIRE THREATENS TO RAISE GAS PRICES

An explosion and fire at a pipeline that delivers about one-third of the gasoline used on the East Coast is expected to raise prices at the pump and shows the fragility of a delivery system that is relied upon by tens of millions of people. Gasoline futures shot up as much as 15 percent on Tuesday in intraday trading on the New York Mercantile Exchange after the accident on Monday involving Colonial Pipeline Co, as reported by the Wall Street Journal.

This entry was posted in Agriculture News. Bookmark the permalink. Both comments and trackbacks are currently closed.