Authorities say nobody has been hurt after a contractor accidentally cut an underground crude oil pipeline in Central Texas and caused about 50,000 gallons (189,265 liters) to spill. A spokesman with Magellan Midstream Partners of Tulsa, Oklahoma, says cleanup has begun at the rural site near Bastrop, about 30 miles (48 kilometers) east of Austin. Emergency responders ordered a 1-mile (1.6-kilometer) area evacuated around the spill location, as a precaution. Nearby Farm-to-Market 20 was closed in both directions. Click Read More below for more of the story.
National Average Price for Regular Unleaded Current: $3.528; Month Ago: $3.314; Year Ago: $2.575. National Average Price for Diesel Current: $3.942; Month Ago: $3.623; Year Ago: $2.806.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 3.7% in November after falling 5% in October. In November, the index equaled 112.2 (2015=100) compared with 108.3 in October. “The 2020 seesaw pattern continued in November as typical seasonality is not holding this year,” said ATA Chief Economist Bob Costello. “It was a nice gain, but the rebound was not enough to make up for October’s drop. Robust retail freight, helped by consumer spending, especially e-commerce, and very lean inventories helped truck tonnage last month. Strong single-family housing starts are also aiding freight tonnage, but lackluster restaurant, manufacturing and energy sectors remain a drag. I expect these softer industries to benefit from widespread COVID-19 vaccinations in 2021.” October’s decrease was revised up to 5% from our November 24 press release.
National Average Price for Regular Unleaded Current: $3.518; Month Ago: $3.832; Year Ago: $3.760. National Average Price for Diesel Current: $4.497; Month Ago: $4.569; Year Ago: $5.309.