Colonial Pipeline temporarily shuts down main fuel pipeline in the USA

The operator of the largest American fuel pipeline, Colonial Pipeline Co., temporarily shut down the pipeline on Tuesday to investigate a potential leak in Georgia. The affected Line 1 transports 1.5 million barrels of gasoline daily from Houston, Texas, to Greensboro, North Carolina. An insider, who wishes to remain anonymous due to the confidential nature of the information, stated that the shutdown is expected to last about twelve hours. This development has already impacted the markets: New York gasoline futures reached their highest level since October. Colonial Pipeline has confirmed the incident and stated in a press release that they are responding to a potential gas leak in Paulding County, Georgia, on company-owned property.