Pipeline could resume Texas gas shipments soon

Media playback is unsupported on your device                  Media captionHarvey's path and rain from Monday into Tuesday

Media playback is unsupported on your device Media captionHarvey's path and rain from Monday into Tuesday

Diesel fuel rose less than two cents, to $2.56 a gallon.

The Colonial Pipeline carries more than 100 million gallons of gas from Houston to the Triad.

Labor Day marks the end of the busy summer driving season and demand for gas tends to start falling.

Wholesale gasoline and jet fuel prices have soared as at least 4.4 million barrels per day of refining capacity, or almost 24 percent of total USA capacity, has been closed due to the record rains.

"We now estimate that we will be able to return to service from Houston Sunday, following an evaluation of our infrastructure and successful execution of our start up plan", Colonial said. AAA says the temporary shutdown of some refineries along the Gulf Coast will delay that decline, but prices will eventually come. The average national price for regular-grade gasoline is up 10 cents in the last week to $2.449 a gallon, but some states have seen increases of as much as 19 cents, according to motorist group AAA.

Colonial Pipeline is expected to temporarily close its gasoline pipeline that supplies much of the Southeast, including SC, as the extended Labor Day holiday weekend approaches.

"I think it's a possibility, especially if we can't get these refineries back online", Flynn said during an interview on "Mornings with Maria", adding that Colonial's supply is "not going to be easily replaced".

Since Harvey hit last week, North Carolina has seen gas prices jump 18 cents. We now have 10 refineries down.

US President Donald Trump tells Russian Federation to close consulate
Both countries now maintain three consulates on each other's territory and ostensibly similar numbers of diplomats. At that time, the Consul General called Obama's accusations against their staff "bizarre and ridiculous".

The expected uptick in volume from European refiners won't become fully clear for several days, analysts said.

The U.S. Department of Energy announced today that it would be tapping into the nation's oil reserves in the wake of the Harvey destruction. The oil will be delivered via pipeline to the Phillips 66 refinery in Westlake, Louisiana. According to DOE, it will continue to review incoming requests for oil in the reserve, meaning it could release more if deemed necessary.

On top of this, several major pipelines are operating at a reduced rate or have ceased working altogether.

A big blow to the US fuel supply - A major pipeline that carries tens of millions of gallons of fuel between Houston and North Jersey has shut down because of Harvey.

Marshall Doney, President and CEO of AAA said: 'The storm has had a devastating effect on the lives of so many. Crews will have to inspect the portions of the pipelines in Houston that are underwater to resume operations.

One of the major pipelines that sends gasoline to our region from the Gulf Coast has temporarily shut down because of disruptions created by Hurricane Harvey's aftermath. "These are preventative measures". And while only half the Dallas-Forth Worth area stores will have gasoline, all will remain open, he said.

With Hurricane Harvey causing refinery and pipeline shutdowns, there has been a sharp spike in gas prices across the country, including in Pennsylvania.

Tropical Storm Harvey's effect on the energy industry has spread beyond flooded USA refiners as fuel pipelines are also shut, threatening a supply squeeze around the country and roiling world markets as traders scramble to find alternative supplies.

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