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Colonial's main gasoline line unallocated as New York Harbor demand drops

Published 06/22/2018, 10:17 AM
© Reuters.  Colonial's main gasoline line unallocated as New York Harbor demand drops
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  • Colonial Pipeline’s main gasoline line was not oversubscribed for the first time this year as strong supplies in the East Coast via European imports reduced the incentive for Gulf Coast suppliers to ship barrels on the system, Reuters reports.
  • Line 1, which runs from Houston to North Carolina and has a capacity to carry 1.2M bbl/day, reportedly had been allocated for each cycle so far in 2018.
  • Colonial is the largest U.S. refined products system, and is owned by Koch Industries, South Korea’s National Pension Service, Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) and others.
  • ETFs: GASL, FCG, UGA, GASX
  • Now read: Shell Fracs The Norphlet, Likely Appomattox Completion Scenarios


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