NEW YORK, Jan 17 (Reuters) - Colonial Pipeline restarted
its main gasoline artery, which delivers fuel from the U.S. Gulf
Coast to East Coast markets, on Friday after it was shut earlier
this week due to a leak in Paulding County, Georgia.
"Colonial Pipeline safely completed repairs Friday morning
on our gasoline pipeline, Line 1, in Paulding County, Ga., and
returned the line to service," the company said in a statement.
Line 1, one of two mainlines on the more than 5,500 mile
Colonial Pipeline system, was shut on Monday night after the
company received reports of a leak.
The pipeline delivers some 1.5 million barrels of gasoline
each day from Houston, Texas, to storage tanks in Greensboro,
North Carolina, from where the motor fuel is distributed locally
or shipped to other markets all the way up to the New York
Harbor.
Market disruptions from the outage were minimal, although
supply had tightened in some areas, U.S. fuel distributor
Mansfield told clients earlier on Friday.
U.S. gasoline futures prices eased about 0.1% to
$2.12 per gallon by 12:56 a.m. EST.
"It will take the better part of next week to get terminals
fully caught up after missing the better part of 4 days' worth
of batches," fuel distributor TACenergy said.
However, demand is also likely to slow as fuel terminals
that had filled up "just in case" will now have extra inventory
to clear, TACenergy added.
Colonial said that site work, including remediation efforts,
will continue in Paulding County in coordination with state and
local agencies.
The company did not provide details on how the line was
damaged, or the amount of fuel that was released.