Gas stations along the Southeast Coast are beginning to feel the pinch from the shutdown of the biggest oil pipeline in the US due to a crippling cyberattack believed to be orchestrated by a Russia-based criminal group.
The closure of the 5,500-mile Colonial Pipeline, which carries more than 100 million gallons of fuel from Texas to New Jersey each day, has stretched into its fifth day. The Alpharetta, Georgia-based company suspended all operations after it was hit Friday by a ransomware attack that could prove to be among the most costly in US history.
Colonial said Monday that it hopes to get most of its operations back online by the weekend, but that’s not soon enough to avoid shortages and price hikes as supply has already started to dwindle.
About 7 percent of gas stations in Virginia were out of fuel by late Monday, according to GasBuddy analyst Patrick DeHaan’s estimates. He added that 2.4 percent of gas stations in North Carolina, and 1.5 percent in both Georgia and Florida are also reporting that they’ve sold out of fuel.
The shortages spurred North Carolina Gov. Roy Cooper to...