America Is Pumping Gas Again After Cyberattack Shutdown

Industry News / Comments

But the crisis isn't over yet.

It's been nearly a week since a cyberattack shut down the Colonial Pipeline, the largest oil supplier to the East Coast and a crucial fuel supplier for New York. As a result, gas stations across the East Coast have been running out of gas, causing people to panic buy at the pumps.

According to Autoblog, the Colonial Pipeline has restarted six days after it was shut down and is pumping gas again, but America's gas crisis is not over yet - it will still take around two weeks for gasoline stored in Houston to be delivered to East Coast filling stations, so you might not be able to fill up your gas-guzzling Dodge Challenger SRT Hellcat just yet.

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Normally, the Colonial Pipeline sends around 2.5 million barrels of fuel from Houston to North Carolina every day and 900,000 barrels a day to New York.

Gas stations in Georgia, Florida, North Carolina, and South Carolina are reportedly running low on fuel due to panic buying. In some southern cities, three in every four gas stations have run out of fuel, and cars were seen queuing up at gas stations for several blocks in Washington. According to GasBuddy, demand for gas in East America has increased by 30 percent over the last week since the cyberattack. As a result, US fuel prices have increased to $3 per gallon for the first time since 2014.

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The FBI believes the ransomware that affected the Colonial Pipeline's IT system was created by a hacking group called DarkSide, which has links to Russia or Eastern Europe. President Biden said Russia has "some responsibility" to address the cyberattack, adding that "there's evidence" the hackers or the software they used is "in Russia."

Meanwhile, the White House is urging people not to panic-buy gas as this will cause more shortages at filling stations. It's like last year's toilet paper panic buying during the pandemic all over again but with gas instead.

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Source Credits: Autoblog

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