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Gas prices hit 7-year high in slow recovery from pipeline cyberattack

3 Min Read NEW YORK (Reuters) -U.S. retail gasoline prices hit seven-year highs on Monday and many filling stations in the Southeast were still without fuel as the region slowly recovers from a cyberattack on the nation’s largest fuel pipeline. Slideshow ( 4 images ) Last week’s closure of Colonial Pipeline’s 5,500-mile (8,900-km) system was the most disruptive cyberattack on record, preventing millions of barrels of gasoline, diesel and jet fuel from flowing to the East Coast from the Gulf Coast. That alarmed drivers, who took to gas stations to fill tanks and jerry cans. Last week mor...

UPDATE 1-U.S. gasoline shortage eases, but pumps still dry in some areas Reuters 1 hr ago Popular Searches By Laila Kearney May 16 (Reuters) - Gasoline shortages that have plagued the U.S. East Coast over the last week slowly eased on Sunday as the country's largest fuel pipeline network recovered from a crippling cyberattack. The six-day closure of Colonial Pipeline's 5,500-mile (8,900-km) system was the most disruptive cyberattack on record, preventing millions of barrels of gasoline, diesel and jet fuel from reaching fuel tanks throughout the eastern United States. Thousands of gas stati...

Leaders point to 'wake-up call' for U.S. energy infrastructure as pipeline recovers from cyberattack Aaron Gregg, Sean Sullivan and Stephanie Hunt, The Washington Post May 14, 2021 FacebookTwitterEmail Pump jacks work in a field near Lovington, N.M., in 2015.Associated Press file photo WASHINGTON - A major East Coast fuel pipeline lurched back to life Thursday as the nation continued to deal with the fallout from the biggest known cyberattack on U.S. energy infrastructure, but the Biden administration warned that it would take time for fuel shortages to ease and pledged to take additional ac...

A Department of Homeland Security spokesperson said in a statement that its action was part of a “whole-of-government response.” Mukesh Sahdev, senior vice president and head of downstream at research company Rystad Energy said that over the next few days, it’s important for the government to provide people with communication and clarity.  “The communication side is very important because sometimes it’s not a big issue per se, it is the reaction to the issue and the panic buying ... which causes probably a domino effect,” he said, clarifying in a follow-up email that he does be...