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Gas supplies dwindle in U.S. Southeast, prices climb due to pipeline outage By Laura Sanicola and Devika Krishna Kumar Reuters (Reuters) -Gas stations from Florida to Virginia began running dry and prices at the pump jumped on Tuesday as the shutdown of the biggest U.S. fuel pipeline by hackers extended into a fifth day and sparked panic buying by motorists. About 7.5% of gas stations in Virginia and 5% in North Carolina had no fuel on Tuesday as demand jumped 20%, tracking firm GasBuddy said. Prices rose to their highest in more than six years, and Georgia suspended sales tax on gas until Sa...

Top U.S. fuel pipeline, crippled by ransomware attack, days away from restart By Stephanie Kelly and Devika Krishna Kumar Reuters NEW YORK (Reuters) -America's biggest gasoline pipeline is unlikely to resume significant operations for several days due to a ransomware cyberattack that Washington on Monday blamed on a shadowy criminal network called DarkSide. The attack on the Colonial Pipeline between Houston and New Jersey, which provides nearly half the fuel to the U.S. East Coast, is one of the most disruptive digital ransom schemes ever reported. The privately owned company on Monday said...

By Devika Krishna Kumar NEW YORK (Reuters) – The U.S. government and the top fuel pipeline operator in the United States on Monday worked to secure the network that transports nearly half of the East Coast’s fuel supplies, as the group suspected of a ransomware cyberattack that caused it to shutdown last week said it was just trying to make money. The attack on Colonial Pipeline is one of the most disruptive digital ransom schemes reported and the resulting shutdown has disrupted fuel supply across the eastern United States, triggering isolated sales restrictions at retail pumps and p...

By Stephanie Kelly and Devika Krishna Kumar NEW YORK, May 10 (Reuters) – America’s biggest gasoline pipeline will not resume full operations for several more days due to a ransomware cyberattack blamed on a shadowy criminal network called DarkSide. The attack on the Colonial Pipeline, which carries nearly half the fuel consumed along the U.S. East Coast, is one of the most disruptive digital ransom schemes ever reported. While the impact remains to be quantified, the pipeline shutdown will reduce fuel availability in the near term, push up prices and force refiners to cut production becau...

By Devika Krishna Kumar NEW YORK (Reuters) - The largest U.S. fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack. Nearly half the fuel consumed in the populous eastern United States passes through the network. WHAT'S THE OUTLOOK FOR PUMP PRICES? Prices at gasoline stations are expected to rise if the outage continues. Retail prices across much of the United States follow the lead of benchmark New York gasoline futures. Trading in those futures opened for the week on Sunday up more than 3%, hitting the highest level in three years. Retail prices began to cree...