Sunday evening US Gasoline futures jump higher after huge US east coast pipeline shutdown

Author: Eamonn Sheridan | Category: News

Futures trading (night session) has opened in the US Sunday evening. 

Gasoline futures are higher on the news:
The Colonial pipeline network is a massive deal - it distributes nigh on half of gasoline and diesel to the US east coast.

Oil futures are up alongside. The big impact of this event is not on crude though.

The latest from the firm (Colonial) is that some of the smaller lines between terminals and delivery points are back online, but its main lines are still shut.

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