The Colonia Pipeline company warns that it will still take several days before the fuel supply returns to normal on the coast East of the country
Photo: Sean Rayford / Getty Images
Wednesday, November 27
Colonial Pipeline, the largest oil pipeline in the country, is back in operation after the cyberattack: what to expect from the price of gasoline
The Colonial Pipeline company, operator of the largest fuel oil pipeline in the country, restarted operations on the afternoon of this Wednesday after on Friday a cyberattack was registered that forced the stoppage of operations causing fuel shortages in an area inhabited by more than 50 millions of people. However, the company warned that it will take several more days for the supply of the pipeline system to more than 5, 500 miles to be fully restored .
The announcement was made known by the company itself through a press release and Jennifer Granholm, the Secretary of Energy of the United States, confirmed through a tweet where she confirmed that the reopening of the pipeline was given at approximately 5 o’clock: 04 of this Wednesday afternoon.
The company also warned that some areas of the country will continue to experience interruptions in fuel service while the pipeline recovers its operation, so the company will continue to transport gasoline, diesel, jet fuel and fuel faction safely until supply returns to normal.
We just got off the phone with # ColonialPipeline CEO. They are restarting pipeline operations today at ~ 5pm. More soon.
– Secretary Jennifer Granholm (@SecGranholm) May 12, 2021
The size of the fuel shortage
The largest oil pipeline in the United States operates from the Texas coast on the Gulf of Mexico to New York State . On Friday, after registering a cyber attack by the criminal group known as DarkSide, it forced the company to stop the distribution of fuels.
The pipe network covers an area of more than 8, 00 0 kilometers that are a fundamental part of the distribution infrastructure in the United States transporting almost half of the fuel used by the West Coast of the country where they pass more than 2.5 million barrels per day of gasoline, jet fuel and diesel .
The closure of the pipeline for four days caused panic purchases by consumers causing that at least 1, 800 its T Service operations will run out of fuel in at least seven East Coast states.
Increased demand for gasoline has also caused that
- the price of fuel exceeded $ 3 per gallon for the first time since 2014 and increased the price between 2 and 10 pennies on a single day.
- Inflation: Consumer Price Index increased 0.8% in April compared to March
If you reside in the states of Alabama, Georgia, Florida, South Carolina, North Carolina, Maryland, Virginia, New Jersey and New York, will likely continue to experience gasoline shortages for the next few days and as the distribution service stabilizes the price of gasoline will also begin to fall from gradual way .
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