The value of line space on Colonial Pipeline’s gasoline-only 1.37 million b/d Line 1 flipped to a positive position Thursday for the first time since August, which sources attributed to tight gasoline supplies at the pipeline’s terminus in New York Harbor. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Platts assessed Line 1 space at 0.25 cent/gal, up 25 points day on day, after it was heard to have traded at that level shortly before the end of the Platts Market on Close assessment process. One US Gulf Coast gasoline source said Line 1 space’s value mainly depends on the spread between Gulf Coast and US Atlantic Coast gasoline values. Colonial, the largest US refined products pipeline, moves gasoline from Houston to New Jersey. Relative to the Gulf Coast, gasoline “is still very tight in New York Harbor,” the source said, leading to […]