“Following this restart, it will take several days for the product delivery supply chain to return to normal.
The East Coast reported a 32.5% increase in demand Monday compared to last week, with demand on the Gulf Coast increasing at a 13.1% clip.
According to the AAA motor club, the national average for a gallon of regular gasoline rose 2 cents on Tuesday.
“We have been very, very close contact with Colonial Pipeline, which is the one area you’re talking about, where that’s one of the reasons that gas prices are going up,” President Joe Biden said during a news conference earlier Wednesday.
Colonial has the ability to ship about 2.5 million barrels a day, Bloomberg reported.