The effect should be minimal with the workaround solutions and the East Coast gas supply now being above the 5-year average, as long as the recovery doesn't face any more setbacks.
On Friday, the U.S. Environmental Protection Agency waived certain requirements for summer-grade gasoline along the Colonial system from MS to New Jersey, to allow the company to maximize its ability to ship gasoline.
Work crews are trying to fix a pipeline that has spilled more than 250,000 gallons of gasoline in a rural area near Birmingham. It forced the pipeline company, Colonial Pipeline, to shut the line last Friday, hampering gasoline deliveries in various states including Alabama, Tennessee, Georgia, North Carolina, and Virginia.
Governors Robert Bentley of Alabama and Nathan Deal of Georgia have already declared states of emergency - hoping to guard against price-gouging.
But experts say that any spike in service-station prices will be felt most in the Southeast and should only be temporary. The pipeline, known as Line 2, is ordinarily used to carry jet fuel, diesel fuel and home heating oil.
The Pipeline and Hazardous Materials Safety Administration told the local Fox news affiliate that they will issue a corrective action order to Colonial Pipeline, instructing them what to do to get the pipeline back in operation. The cause of the leak is unknown. This, in turn, has limited supply and contributed to rising gas prices.
Tom Kloza, Global Head of Energy Analysis for Oil Price Information Service, said it will take until next week before the normal volume of gasoline can be shipped.
The spill was first detected on September 9, but it's unclear exactly when it first occurred. The move will help prevent disruptions and backups at major fuel distribution hubs as crews continue working to fix a leak that surfaced last week on the Colonial Pipeline that provides fuel to North Carolina and other eastern states. A small section of the pipeline passes through the Upstate of SC. Initially, Colonial Pipeline said it will be ready to restart it this weekend, but later it put off the date to next week.
"We are working with state and national officials to make sure North Carolina is not impacted by this leak", said McCrory.
GasBuddy listed a Texaco in Stockbridge and an Exxon in the city of Atlanta as having the most expensive gas in the area: $2.79 a gallon.