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The Colonial Pipeline ransomware attack and the subsequent concerns about gas prices is fueling a gas shortage on the East Coast.

PEOPLE in the southeast are panic-buying gas due to the Colonial Pipeline shut down, leading to shortages in several states.The cyberattack on Colonia

"Gas Run Has Begun" - Fuel Stations Run Dry Amid Hacked Pipeline Published: May 10, 2021 Gas shortages are being reported in the Southeast of the US amid the recent cybersecurity attack that temporarily shut down one of the largest pipelines in the US. Colonial Pipeline Co. Chief Executive Officer Joseph Blount said the company was in the process of restoring its systems but wouldn't resume fuel shipments until the ransomware had been removed, according to Bloomberg.   At the moment, Colonial Pipeline is manually operating a segment of pipeline between North Carolina to Maryland and expects ...

  Share Source: Michael Snyder/Northwest Florida Daily News via AP The Colonial Pipeline has been shut down. It was hit with ransomware by what appears to be a criminal syndicate from Russia. It got hacked. Has the company paid the ransom? It won’t say, but this 5,500-mile pipeline supplies 45 percent of all fuel to the eastern United States. So, yes, prices will spike, and shortages could be seen from Alabama north through Baltimore. And in some places, like Florida, North Carolina, and South Carolina, we’re seeing gas stations closing because they have no gas (via WEAR-TV):  State ag...

To be fair to the Times, this story was published yesterday and so maybe at the time it was written this paragraph was true? Since the pipeline shutdown, there have been no long lines at gasoline stations, and because many traders expected the interruption to be brief, the market reaction was muted. Nationwide, the price of regular gasoline climbed by only half a cent to $2.97 on Monday from Sunday, even though the company could not set a timetable for restarting the pipeline. New York State prices remained stable at $3 a gallon, according to the AAA motor club. Except it definitely wasn’t ...