Experts blame panic buying, not cyberattack, for fuel shortage

Experts blame panic buying, not cyberattack, for fuel shortage

Experts blame panic buying, not cyberattack, for fuel shortage

By the Associated Press

More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by hackers entered its fifth day.

State and federal officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack of the nation’s largest fuel pipeline led to a shutdown. The pipeline runs from the Gulf Coast to the New York metropolitan region, but states in the Southeast are more reliant on the pipeline for fuel. In North Carolina, 28% of gas stations were out of fuel, according to Gasbuddy.com

Government officials acted swiftly to waive safety and environmental rules to speed the delivery of fuel by truck, ship or rail to motorists and airports. Even so, they sought to assure consumers that there was no cause for alarm. The Colonial Pipeline, which delivers about 45% of the fuel consumed on the East Coast, was hit by a cyberattack on Friday.

Recommended Posts

Loading...