Colonial Sees Pipeline Restart Saturday After Fatal Explosion
Laura Blewitt | Bloomberg
Oct 31, 2016 | Updated Nov 1, 2016
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The owner of the biggest U.S. fuel pipeline said it may resume service on its gasoline line at noon local time Saturday, after an explosion and fire in Alabama sent futures surging and traders scrambling to supply East Coast states with fuel.

Colonial Pipeline Co., which carries gasoline and other refined products from Houston to Linden, New Jersey, was forced Monday to shut its two main pipelines after a crew working near the site of a prior spill hit the line with construction equipment. The company, owned by a group that includes Koch Capital Investments Co. and a unit of Royal Dutch Shell Plc, said its projected restart time for Line 1 may change as it gets more access to the site of the blast, which killed one person and sent five others to Birmingham-area hospitals for treatment.

It’s the second major disruption on the pipeline in two months. A spill in September shut the line for 12 days, cutting supplies to 50 million Americans in the U.S. Southeast. Major fuel suppliers began notifying wholesalers in South Carolina late Monday that supplies may be curbed as a result of the pipeline explosion.