Gasoline demand surges in many states after pipeline hack

According to AAA, the national price at the pump hit $2.985 on Tuesday, the highest level in nearly six years. 

LINCOLN, Neb. (KLKN)-Following a ransomware attack that shut down one of the U.S.’s major pipelines, Colonial Pipeline, many American drivers on the East Coast are desperately filling up their gas tanks.

According to GasBuddy, an app that tracks fuel prices and demand, U.S. gasoline demand jumped up 20% on Monday compared to the week before.

In five of the states that are served by the Colonial Pipeline–Georgia, Florida, South Carolina, North Carolina, and Virginia–demand was up by a collective 40.1%, according to GasBuddy.

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“I got scared that I could not go to work or take my daughters to school,” Florida resident Linderly Bedoya told CNN on Tuesday. “All the gas stations in my area were without gas and when I finally found one I had to stay an hour in line and I had to fill up with the premium unleaded.”

Bedoya posted this picture of a sign from a Tallahassee gas station that warned drivers that they only had premium fuel available.

Georgia’s Governor Brian Kemp signed an executive order that suspends the state’s gas tax to help people handle the higher prices caused by the Colonial Pipeline hack. The Governor’s order also allows for trucks transporting fuel to increase their weight limit and prohibits price gouging.

In North Carolina, Governor Roy Cooper declared a state of emergency in the state, allowing him to temporarily suspend some fuel regulations in a bid to ensure there was enough supply.

On Tuesday, the Environmental Protection Agency issued an emergency fuel waiver to ease fuel shortages that were a result of the Colonial Pipeline shutdown.

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EPA Administrator Michael Regan cited “extreme and unusual fuel supply circumstances” for waiving certain federal requirements for fuels sold in the District of Columbia, Maryland, Pennsylvania and Virginia. The waiver will continue through May 18.

Authorities believe the hack was carried out by a criminal group called DarkSide.

The Colonial Pipeline says it hopes to be operational by the end of the week.

According to AAA, the national price at the pump hit $2.985 on Tuesday, the highest level in nearly six years.

Categories: Consumer News, Money, News