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Colonial pipeline update: Operations restart as gas prices top $3


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: ....

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Colonial Pipeline restarted operations, owners say 'it will take several days' for supply chain to return to normal


Colonial Pipeline restarted operations, owners say it will take several days for supply chain to return to normal
Brett Molina and Nathan Bomey, USA TODAY
From fuel shortages to gas hikes, how the attack on the Colonial Pipeline could impact you
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Colonial Pipeline said Wednesday it initiated the restart of operations after having to shut off the conduit following a cyberattack last week.
The pipeline was set to resume operations around 5 p.m. ET, but the company said it will take several days for the product delivery supply chain to return to normal. Colonial Pipeline Co. had to shut it down Saturday following a ransomware attack.  ....

United States , North Carolina , City Of , United Kingdom , South Carolina , Tom Kloza , Genevieve Scott , Jessica Alcocer , Roy Cooper , American Airlines , Oil Price Information Service , Us Consumer Product Safety Commission , Colonial Pipeline Co , Colonial Pipeline , East Coast , Patrick De Haan , Product Safety Commission , Carolina Governor Roy Cooper , Jones Act , Citi Stop , Price Information Service , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கரோலினா , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , தெற்கு கரோலினா ,