After a gas leak that was discovered on Line 1 of the pipeline earlier this September, the prices of gas in Savannah–as well as across the U.S.–has significantly risen. The price of gas in Georgia specifically, has risen by 23 cents.
“This week pump prices increased dramatically in many parts of the Southeast and Mid-Atlantic regions due to the shutdown of the Colonial Pipeline,” says Tamara Johnson of AAA National.
Line 1 of the pipeline, which is responsible for carrying 1.2 million barrels a day from Houston, Texas to Greensboro, North Carolina, is the pipe that suffered the damage.
“As a result of the leak and downtime for the repair, Colonial Pipeline constructed a temporary bypass to continue operations around the damaged section of the line. The bypass was completed Wednesday, and Colonial Pipeline was able to return to full operations and resume gasoline deliveries to impacted areas,” she adds.
According to Johnson the Oil Price Information Service reported last Friday morning that “resupply has slowly started to trickle back and prices should start to level off over the weekend and possibly start declining as soon as next week.”
Although even with the temporary fix, the states affected by the leak may continue to see higher gas prices through to the end of September.