Pipeline Ransomware Attack Leads to Fuel Shortages And Hoarding

The ransomware attack on the Colonial Pipeline Company, the company that operates the largest fuel pipeline in the US, has led to shortages and fuel hoarding in some areas. Higher fuel prices are also expected as a result of the attack. The United States Secretary of Energy has called on citizens not to hoard fuel.

Colonial Pipeline supplies 45 percent of the fuel consumed on the US East Coast. The attack put the company's main pipelines inoperative. This has led to shortages in several places, leaving gas stations out of gas, CNBC , The New York Times and NPR report . This has again caused concern among motorists, who have started hoarding.

United States Secretary of Energy Jennifer Granholm called on citizens during a press conference not to hoard gasoline. She expects Colonial Pipeline to be able to perform a full reboot today. However, it will take several days for all systems to be operational. "Just as there was no reason to hoard toilet paper at the start of the pandemic, there is now no reason to hoard gasoline," said the minister. After the federal government previously declared a regional emergency, the states of North Carolina, Virginia and Florida have also declared a state of emergency.

Fuel prices in the US had already been on the rise for the past week and have continued to increase, ABC reports . The American Automobile Association expects the ransomware attack to push fuel prices up further by three to seven cents this week. This could reach the highest average price in years.

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