$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay High

$3 A Gallon Gas? Here’s Why A Cyberattack On A Pipeline Company Has Experts Worried Prices Will Stay High

Share to Linkedin U. S. gas prices neared $3 per gallon Monday morning while the country's largest pipeline remains shutdown due to a cyberattack on Friday, and some experts warn a prolonged shutdown will hit consumers at the pump. NEW YORK, NEW YORK - MAY 03: As gas prices continue to rise, people fill-up at a gas station in ... [+] Brooklyn on May 03, 2021 in New York City. Businesses in the building, service, hospitality and retail sectors are seeing solid growth as the U. S. economy surges out of the Covid-19 slowdown. According to the Commerce Department, the economy grew at an annual rate of 6. 4% between January and March as millions of Americans got vaccinated against COVID-19 and the federal government spent trillions of dollars on stimulus checks to families and individuals. (Photo by Spencer Platt/Getty Images) Colonial Pipeline Company announced Friday it suffered a cyberattack involving ransomware and would have to temporarily halt all operations, including its daily transport of 2. 5 million barrels of gasoline. The pipeline system transports 45% of fuel used on the East Coast, and the company said Sunday all four of its main gas lines remained inoperational. Tom Kloza, the