Jay Reeves/AP
Some gas stations reported running out, and the shortages could hit the aviation industry, too.
Average national retail prices for gas rose to $3.05 a gallon last week, according to the EIA.
Gas prices in the US have hit $3 a gallon at gas stations – and experts warn that they could rise further as the US largest fuel pipeline remains offline following a cyberattack.
Colonial, the largest US refined fuel pipeline operator, reported a cyberattack involving ransomware Saturday that took some systems offline and forced it to temporarily halt operations. The FBI said Monday that DarkSide was behind the attack.
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The FBI confirmed Monday that DarkSide, a professional Russian criminal group, is responsible for a ransomware attack on a major U.S. pipeline system that shut down Friday.
Here s what we know so far.
Colonial Pipeline ransom amount unknown
In a ransomware attack, hackers invade a company s computer system, encrypt data and freeze operations, then demand payment to release control.
The group itself said its goal was to make money, not cause chaos, Reuters reported.
Georgia-based Colonial Pipeline has not released details but said the attack affected some of its information technology systems, according to The Associated Press. Those systems were under repair Sunday and Monday. The amount of money sought in the ransomware attack was not disclosed.
Colonial Pipeline, the largest gasoline pipeline in the US, was shut down by hackers on Friday
Commerce Secretary Gina Raimondo warned Sunday: This is what businesses now have to worry about . these sorts of attacks are becoming more frequent
Government sources identified Russian hackers DarkSide among suspects
Emergency declaration allows for fuel to be transported by road to affected states: AL, AR, DC, DE, FL, GA, KY, LA, MD, MS, NJ, NY, NC, PA, SC, TN, TX, VA
Hackers took nearly 100 gigabytes of data out of Colonial s network a day ahead of the pipeline shutdown before demanding a ransom
Colonial has not said whether it has paid or is negotiating a ransom
Holding tanks are seen at Colonial Pipeline s Linden Junction Tank Farm in Woodbridge, New Jersey.
WASHINGTON: Ransom-seeking hackers have broken into Colonial Pipeline, prompting the company to shut one of America s major arteries for fuel delivery.
Here is a look at what we know, and what we don t, about one of the most disruptive digital shakedown efforts to hit a US company.
WHO IS INVOLVED?
Alpharetta, Georgia-based Colonial Pipeline and the US government have both blamed ransomware for the massive outage, pointing the finger at cybercriminal gangs who routinely hold data and computer networks hostage in exchange for digital currency payments.
Crossroads Today
Currently no information on restoration of pipeline
May 9, 2021 4:00 PM CNN
By Alexis Benveniste, CNN Business
(CNN) A cyberattack forced one of the top US fuel pipelines to shut down Friday, and analysts are worried the situation could result in a spike in gas prices.
There is currently no information on when service in the pipeline will be restored, and “the number of days that the line is out of service is critical,” Tom Kloza, global head of energy analysis for the Oil Price Information Service, which tracks gas prices at 140,000 US stations, told CNN Business.
Colonial Pipeline executives have fully acknowledged the security breach, which has temporarily halted all pipeline operations and impacted IT systems.