(CNBC) — 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.
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