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Oil fell on Tuesday after surging the most on record following attacks on Saudi's oil industry that disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
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NBCUniversal's new streaming service will be named "Peacock," the company announced Tuesday.Technologyread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
Gasoline prices, spiking 20 cents or more this weekend in some southeastern states, could continue rising even after the outage of a major gasoline pipeline artery is over.
Colonial Pipeline is working to build a bypass for its gasoline pipeline, which went down Sept. 9 after a leak was discovered in Alabama. The pipeline runs from Texas, across the South and then north to New Jersey.
"This has not crested yet," said Tom Kloza, global head of energy analysis at Oil Price Information Service. The most impacted states are North Carolina, South Carolina, Tennessee and Georgia, where the average price of unleaded rose 18 cents per gallon over the weekend. In South Carolina, prices jumped 11 cents to $2.04 per gallon between Friday and Monday, according to AAA data.
"There's a huge difference if you get that bypass line going tomorrow or if it stretches into next week," said Kloza. Colonial's gasoline pipeline, Line 1, handles 1.4 million barrels of gasoline per day. "Everyday you're talking about, is a lot of gasoline that's not being shipped up to the Northeast."