Our biggest concern is having the product | Fuel companies scramble for gas as Colonial Pipeline outage leads to price surge
A ransomware attack that targeted Colonial Pipeline and led to a service disruption could lead to a price increase next time you visit the gas pump. Author: Tom Dempsey (WUSA) Updated: 4:26 PM EDT May 11, 2021
WASHINGTON Gas companies around the region scrambled to find available fuel on Monday as the investigation into a Colonial Pipeline ransomware attack continued.
The company said the hack was discovered on Friday and led to certain systems being taken offline while all pipeline operations were halted.
Gas Prices Expected to Keep Rising in Wake of Colonial Pipeline Attack
Gas prices, already close to $3 a gallon after a cyberattack on Colonial Pipeline, are expected to keep rising through the week, especially in the eastern United States.
“We’re expecting to see price increases to continue through the week, and in particular in the southeast region and in the northeast, because we are seeing directly impacted areas along the terminals of the pipeline that remain out,” Devin Gladden with the American Automobile Association (AAA) told The Epoch Times.
“And so as we see imports, deliveries from trucks, fill that gap, that may mean that higher costs will be associated with those deliveries and that is certainly causing prices to increase at the pump for consumers,” he added.
Restoring our network to normal operations is a process that requires the diligent remediation of our systems, and this takes time, the company said in a statement.
It says it remains in contact with law enforcement and other federal agencies, including the Department of Energy, which is leading the federal government response. The company hasn t said what was demanded or who made the demand.
At the White House, President Biden told reporters Monday the U.S. intelligence community had no evidence the Russian government was involved with the Colonial attack, but Mr. Biden said there was evidence the ransomware was in Russia. They have some responsibility to deal with this, the president said after delivering remarks on the economy.
Ransomware attack on major U S pipeline is work of criminal gang called DarkSide, AP says cbsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbsnews.com Daily Mail and Mail on Sunday newspapers.