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Why are there shortages? Panic buying is exacerbating the issue. In fact, while the Colonial Pipeline s downtime is making it difficult to get fuel to the region, the real issue might be a lack of truck drivers to transport fuel from large regional holding tanks to local stations because people are filling up so fast, DeHaan said. People are pumping at far, far faster than trucks can deliver it, DeHaan said. Bloomberg reports the Biden administration may consider waiving the Jones Act, passed in 1920, to allow foreign tankers to transport gasoline and diesel fuel. Here s what else you need to know: ....
View Comments The national average price for gas is up 8 cents from the week before to $3.01, according to the latest figures from AAA. Operators of the Colonial Pipeline, a major system that delivers fuel across the East Coast, had to shut it down Saturday following a ransomware attack. The Colonial Pipeline says it s aiming to substantially restore service by the end of the week, which would likely limit most of the fallout. But in the next few days, motorists could feel the effects. The effect is largely concentrated in the Southeast, with station outages occurring throughout the region. The governors of Florida, North Carolina and Virginia have declared states of emergency to make sure there are enough supplies of fuel. ....