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US Gasoline Futures Spike on Colonial Pipe Explosion in Alabama

U.S. gasoline futures jumped over 11 percent on Tuesday after Colonial Pipeline Co shut down its main gasoline and distillates pipelines on Monday after an explosion and fire in Shelby, Alabama, killed a worker. The incident was the second time in two months the company had to close the crucial supply line to the U.S. East Coast, prompting gasoline prices to spike on fears of shortages. Gasoline futures for December were up about 16 cents, or 11.1 percent, at $1.58 per gallon at...

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