World Gas Station Manager Confirms Charging $7.99 per Gallon as Seen in Viral Receipt, Denies Gouging
Gas fired up with another $58.6m in budget
Tuesday's federal budget will include $58.6 million to help expand the gas industry, while mapping out plans to boost supply through to 2040.The funding includes $38.7 million for early works to help gas infrastructure projects and $3.5 million to design and implement future investment plans if the private sector does not.
A Georgia gas station manager confirmed the validity of a viralphotograph that showed his ExxonMobil location had charged $7.99 a gallon for premium gasoline in the wake of last week's Colonial Pipeline shutdown.
Despite the receipt showing both an incorrect address and a misspelled version of the ExxonMobil company name, the manager of the East Point, Georgia, gas station said there was a brief period of time this past week in which the price was mistakenly raised to $7.99 per gallon. The Atlanta suburb gas station manager, M.D. Azim, told WXIA-TV Saturday that the price was an accident and it should have been $4.99.
Gas Panic Is America’s Latest Spasm of Pandemic Hoarding
Late last week, the Colonial Pipeline, a key conduit for gas and fuel across America, was hit by a so-called ransomware cyberattack. The company has not yet revealed the system vulnerability exploited by DarkSide, the possibly Russia-linked group the FBI says was behind the hack. But it had to shut down its operation, and the delay sparked concerns about gas shortages. Then consumers already primed to hoard by the heady early days of the coronavirus pandemic got involved. By Tuesday, reports of shortages were hurtling across the Internet. But the numbers show a less extreme version of reality.
Online hoaxes and doctored photographs supposedly showing price gouging had emerged across social media following the cyberattack, which shut down the 5,500-mile Colonial pipeline.
The unidentified individual who initially posted the jarring gas station receipt put just over six gallons of gas in their car, running the price up to $52.92.
Several states, including Florida, Georgia and Alabama, experienced a rush of people stockpiling gasoline and diesel as reports of the pipeline shutdown emerged. But Azim insisted to the local Atlanta TV station that he was not trying to price gouge any customers and that he corrected the $7.99 error within an hour of it happening earlier this week.
Related Facebook post
Azim reiterated that he will offer refunds to anyone who brings in their receipt showing they paid $7.99 a gallon for the premium gasoline. He also confirmed the fears of many that the viral screenshot of the receipt was in fact a legitimate reflection of the temporary price. Many comments on Facebook anddismissed the receipt as fake, pointing out the glaring spelling and address issues. But the manager said all of those quirks were simply technical glitches with the pump system.
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Reporters and producers with the 11 Alive TV station said gas was at $3.49 when they went to conduct a fact-check on the receipt Friday. They noted that the combined gas station and convenience store used the tagline "Best 4 Less."
The gas station manager said Friday that he was not currently selling premium gas because that specific ExxonMobil franchise had sold out and was waiting on incoming deliveries to restart after the pipeline rebooted on Thursday. Oil and gas analysts as well as Colonial itself asked the public to expect delays and shortages to potentially continue through the weekend. The hackers managed to halt the pipeline's use for six full days.
Newsweek reached out to the manager and owner of the East Point, Georgia, gas station Saturday afternoon for any additional details about last week's temporary price inflation.
The Colonial Pipeline is coming back online
And what it means for gas prices.“Colonial Pipeline initiated the restart of pipeline operations today at approximately 5 p.m. ET,” the company said in a statement. “Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period. Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal.
The billion-dollar UAE-Israel gas deal will go forward .
The ongoing bombing of Gaza is unlikely to deter the UAE from investing big in its new ally’s gas fields.While the recent escalation in the Occupied Palestinian Territories and Israel’s ongoing bombing of the Gaza Strip are expected to significantly increase the political risks associated with investing in the Israeli oil and gas sector, they are unlikely to deter Mubadala from completing the landmark deal.