Elsewhere, Occidental Petroleum (NYSE: OXY) led the way higher for a group of stocks benefiting from the news on inflation. That led a group of oil and gas companies higher, with some smaller players in the oilfield services and refinery business seeing even larger percentage moves in some cases. Meanwhile, the closure of the Colonial Pipeline has led to widespread gasoline shortages and even complete outages across much of the southeastern U.S., running from Virginia and Tennessee south to Florida.