I just got off the phone with numerous officials in the Governors Administration who provided an emergency briefing and here is the latest on the pipelinegas shortage situation. On May 7th an attack was launched against the main pipeline Colonial that supplies approximately 45 of Virginias gasoline, diesel and jet fuel. Other pipelines are continuing to operate normally and have increased capacity to make up for the shortfall. However, understandably, the fear created by this situation caused a run on gas stations which greatly increased demand at a time that supply was cut in half. Waivers have been granted by federal and state authorities to allow trucking of fuel into our region as well as several other emergency waivers have been granted that will increase fuel supply to our region.
Late yesterday the Colonial Pipeline was restarted but this process is not instant as it takes time to get pressures up to correct levels and test all safety features. There is a very large interstate effort to do inspections along the pipeline to ensure there are no safety concerns from the attack. We heard from company officials early this morning that the restart is successful so far and product is now flowing! It will take several days however for this to catch up to the vastly increased demand as everyone is trying to keep their tanks full of fuel.
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