CNBC’s Brian Sullivan reports the latest on the ransomware attack that shut down a vital fuel pipeline that he called “America’s jugular” on the East coast. YouTube Tips ⓘ
News Highlights of the Aftermath of the Colonial Pipeline Company Cyberattack
The Colonial Pipeline transports more than 100 million gallons of gasoline per day.
A stoppage of more than five days during normal buying pressure would start according to Roger Reed, Senior Analyst at Wells Fargo.
Some customers have seen a price increases of 6 cents per gallon.
Some customers have been limited to purchasing 20 gallon per vehicle.
North Carolina declared a State of Emergency with some gas stations reporting they have no gasoline to sell. Seventeen other states have also activated emergency declarations.
Some gas stations only have certain octane levels available.
American Airlines is adding some stops to flights that are normally non-stop flights to North Carolina so they can fuel up at the stop location.
Incidentally, according to the GasBuddy Gas Price Map, gas prices are still higher in Illinois and Chicagoland compared to North Carolina.
The Colonial Pipeline, which cuts through the Charlotte area and is one of the nation’s largest sources of fuel, remains mostly shut down after a cyberattack.
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Panic buy of gasoline and word of a gasoline shortage brings long lines at pumps. YouTube Tips ⓘ
White House Press Secretary Jen Psaki holds a press briefing on Tuesday. White House Press Secretary Jen Psaki joined by Secretary of Energy Jennifer Granholm, Secretary of Homeland Security Alejandro Mayorkas, and Deputy Secretary of Energy David Turk (Begins 1:40). YouTube Tips ⓘ
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Pipeline outage forces American Airlines to add stops to some long-haul flights https://t.co/wTg7aFAMLt
— 360MediaX (@360mediaX) May 11, 2021