(Bloomberg) -- The biggest fuel pipeline in the U.S. shut its mainlines Monday after an explosion and fire in Alabama that killed at least one person. Gasoline futures surged and U.S. refiner stocks gained.
Colonial Pipeline Co., which carries refined products to New York Harbor from Houston, shut the lines for the second time in two months.
A contract crew working miles from the site of a Sept. 9 spill ran into the pipeline with a trackhoe, igniting gasoline and causing a fire, Colonial said in a statement.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
