Published on May, 14 2021
The Colonial Pipeline has resumed operations as of Wednesday, May 12th. Markets have started to receive the much needed Gasoline, Diesel, and Jet Fuel which Colonial transports.
It will take a few days for the markets (specifically the Southeast gasoline) to return to normal. Gasoline shortages are still occurring in many Southeast states. Colonial Pipeline has stated that they will move as much Diesel, Jet Fuel, and Gasoline as safely as possible until the markets stabilize.
As of this morning, West Texas Intermediate is trading at $64.57, up roughly 1%. Prompt Natural Gas is also trading up, hovering just below the $3.00 ceiling it has tested multiple times since the start of May. This ceiling is expected to be broken over the course of today’s trading day as all major energy commodities are showing an upward trend.
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Founded in 2006, Freedom Energy Logistics is a leading energy advisory. The private company offers comprehensive energy supply management and renewable energy solutions supporting energy goals and sustainability objectives for businesses and organizations throughout the U.S. Freedom’s team of energy experts has worked with and delivered energy saving, environmentally responsible solutions for some of the largest commercial and industrial companies, municipalities, universities, healthcare facilities, and businesses. With its headquarters located in Auburn, NH, Freedom Energy also has employees serving clients locally throughout the regions. Freedom Energy has been twice named to the Inc. 5000 list of fastest growing companies in America; recognized as one of the Fastest-Growing Family Businesses in NH by Business New Hampshire Magazine. Stay Work Play’s Coolest Company for Young Professionals; and received multiple Business Excellence Awards from New Hampshire Business Review.
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