Pipeline outage causes U.S. gasoline supply crunch, panic buying – Reuters

  • Date: 12-May-2021
  • Source: Reuters
  • Sector:Oil & Gas
  • Country:Gulf
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Pipeline outage causes U.S. gasoline supply crunch, panic buying – Reuters

Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown of the biggest U.S. fuel pipeline by hackers extended into a fifth day and sparked panic buying by motorists.

The administration of U.S. President Joe Biden projected that the Colonial Pipeline, source of nearly half the fuel supply on the U.S. East Coast, would restart in a few days and urged drivers not to top up their tanks.

"We are asking people not to hoard," U.S. Energy Secretary Jennifer Granholm told reporters at the White House. "Things will be back to normal soon."