The average retail price of gasoline in the U.S. exceeds $3 per gallon for the first time in 7 years

According to the Oil & Gas Journal website on May 18, US Energy Information Administration (EIA) data shows that due to the interruption of the Colonial pipeline operation, the average retail price of ordinary gasoline in the United States rose to US$3.

The reason for the increase in lower Atlantic gasoline retail prices is that many regional gas stations have been interrupted, mainly because the pipeline interruption hindered the supply, and the increase in gasoline purchases due to the interruption of the gas station.

After the closure on Friday, May 7, the Colonial pipeline restarted part of its pipeline operations on Wednesday, May 12.

EIA’s most recent Weekly Petroleum Condition Report (WPSR) includes weekly regional ending inventory data for the East Coast and its subregions as of May 7, including gasoline inventories before the pipeline was closed.

Wang Lei is an excerpt from Oil & Gas Journal

The original text is as follows:

Average US retail gasoline price exceeds $3/gal for first time since late 2014

Disruptions to Colonial Pipeline operations prompted an increase in the average US retail price for regular grade gasoline (retail gasoline price) to $3.

The increased retail price for gasoline in the Lower Atlantic resulted from outages at many regional gas stations, which occurred due to the pipeline disruption that hindered supply and increased gasoline purchases in response to station outages.

After shutting down Friday, May 7, Colonial Pipeline restarted some pipeline operations on Wednesday, May 12 (OGJ Online, May 13, 2021).

EIA's most recent Weekly Petroleum Status Report (WPSR) includes weekly regional closing inventory data for the East Coast and its subregions as of May 7, which include gasoline inventories just prior to the pipeline shutdown.