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Pipeline Hack Sets Off Scramble For Gasoline


Pipeline Hack Sets Off Scramble For Gasoline
Time
3 hrs ago
W.J. Hennigan
© Bloomberg Bloomberg via Getty Images
Storage tanks stand at the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, U.S., on Monday, Sept. 19, 2016.
After more than a decade of warnings about the vulnerability of U.S. energy infrastructure to hackers, a cyberattack on a major pipeline has left over a dozen states scrambling for gasoline, jet fuel, diesel, and other petroleum products.
Drivers in states like Georgia, South Carolina, North Carolina, and Florida converged at gas stations. Virginia Governor Ralph Northam declared a state of emergency. Meanwhile, the Department of Transportation issued an emergency declaration of its own to examine federal statutes some more than a century old to determine how the government could relax rules or enact powers to ensure greater flexibility on fuel transport via rail, sea, and highway. ....

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Gasoline Panic Buying Sweep Across US: Prices Are Soaring As Gas Shortage Gets Much Worse – Investment Watch


Americans are deeply anxious after the Colonial Pipeline cyberattack halted the delivery of millions of gallons of fuel to several states and resulted in gasoline shortages at many stations across the country. People have already started to panic buy and hoard gasoline gallons despite skyrocketing prices at the pump. The situation is being compared to the gas shortages seen in 1970, with dozens of drivers lining up their cars outside stations and even traveling to other states to fill in their tanks. Although Colonial announced in a statement that it is set to repair its system by the weekend, with each passing day, consumers are getting more alarmed with the prospect of facing further sharp price increases, and they have been fearing they could run out of supply indefinitely. ....

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