People also ask
How long will it take for Colonial Pipeline to return?
The Colonial pipeline is now back up and running, but the supply problem isn鈥檛 over. Officials say it will take several days for oil deliveries to return to normal. President Biden will speak today about the cyberattack and the gas shortage on Thursday.
Is the Gulf of Mexico pipeline still shut down?
The company said Sunday evening that some of its smaller lateral lines between terminals were once again online, but that its main lines were still shut down. The pipeline is a critical part of U.S. petroleum infrastructure, transporting around 2.5 million barrels per day of gasoline, diesel fuel, heating oil and jet fuel.
Will the Colonial Pipeline attack cause gas prices to Spike?
So far, the attack hasn鈥檛 caused gas prices to spike; but, with each day that passes, the risk becomes greater. On Monday, Colonial Pipeline said segments of the shuttered pipeline are being brought back online but its four main lines remain offline.
What is the Colonial Pipeline and why is it closing?
Stretching from Texas to New York, the Colonial Pipeline runs about 5,000 miles of pipeline, transporting more than 100 million gallons of gas daily. Because of that, Patrick De Haan, head of petroleum analysis for Gas Buddy, said this is a significant closure.