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World Colonial Pipeline Has New Outage with 11,000 Gas Stations Shut, Prices at 7-Year Highs

07:00  19 may  2021
07:00  19 may  2021 Source:   newsweek.com

Cyberattack on US pipeline carried out by criminal gang: Report

  Cyberattack on US pipeline carried out by criminal gang: Report The cyberattack should serve as a wake-up call to companies about the vulnerabilities they face, experts say.The shutdown, meanwhile, stretched into its third day, with the Biden administration loosening regulations for the transport of petroleum products on highways as part of an “all-hands-on-deck” effort to avoid disruptions in the fuel supply.

US gas prices are at a seven - year high after a major pipeline cyberattack that left thousands of gas stations without fuel. Panic buying caused 90% of fuel stations in Washington, DC, to run out as of Monday. Outages in North Carolina fell to about 50%, while shutdown in South Carolina, Georgia and Virginia were under 50%, GasBuddy said. Colonial Pipeline , the top US fuel pipeline operator, said its lines were fully operational on Monday, but it will take some time for supplies to recover fully from the cyberattack.

The national average gas price rose to a 7 - year high , and four governors have now declared states of emergency as the shutdown of the Colonial Pipeline spurred panic buying. The closure sparked a stampede at gas stations across the Southeast, resulting in more than 1, 000 stations running dry as people scrambled to load up — forcing the White House Tuesday night to urge Americans not to hoard fuel. The governors of Florida, Georgia, North Carolina and Virginia have all declared states of emergency to authorize temporary rules to help alleviate the rising price of gasoline in their areas.

The Colonial Pipeline shut down for a second time on Tuesday as over 11,000 gas stations across the nation remain closed due to fuel shortages. Fuel prices have also hit their highest point in seven years amid the second shutdown.

The Colonial Pipeline which provides fuel to the nation's east coast, shut down once again on Tuesday. The shutdown coincided with the closure of over 11,000 gas stations and the highest gasoline prices in seven years. In this photo, an © Logan Cyrus / AFP/Getty The Colonial Pipeline which provides fuel to the nation's east coast, shut down once again on Tuesday. The shutdown coincided with the closure of over 11,000 gas stations and the highest gasoline prices in seven years. In this photo, an "Out Of Service" bag covers a gas pump as cars continue line up for the chance to fill their gas tanks at a Circle K near uptown Charlotte, North Carolina on May 11, 2021 following a ransomware attack that shut down the Colonial Pipeline.

On Tuesday, Colonial Pipeline announced that ongoing "hardening efforts" to restore fuel delivery had caused its pipeline's second shutdown. Unlike the pipeline's May 7 shutdown, the Tuesday shutdown was "not related to the ransomware or any type of reinfection," the company said in a series of tweets.

U.S. Gasoline Futures Rise 1.5% After Colonial Pipeline Ransomware Attack

  U.S. Gasoline Futures Rise 1.5% After Colonial Pipeline Ransomware Attack A cyberextortion attempt on the Colonial Pipeline, a major U.S. transport for gasoline and other fuel, sent gasoline costs soaring on Monday after a ransomware attack brought pipeline operations to a halt. © Mark Lennihan, File/AP Photo In this Sept. 8, 2008 file photo traffic on I-95 passes oil storage tanks owned by the Colonial Pipeline Company in Linden, N.J. A major pipeline that transports fuels along the East Coast says it had to stop operations because it was the victim of a cyberattack.

THE gas shortage currently crippling much of the Southeast is expected to last until at least Memorial Day as Colonial Pipeline allegedly pays the hackers responsible for the attack m. The cyberhack, branded an "act of war" by former House Speaker Newt Gingrich, forced gas stations along the East The pipeline was back up and running as of 5pm Wednesday, however, officials say it will take a number of days until operations are back to normal. Patrick DeHaan, head of petroleum analysis at fuel-savings app GasBuddy, told USA Today people will likely see the gas outage numbers peak over

Colonial Pipeline 's nomination system was shut on Tuesday, leaving shippers unable to plan fuel shipments, according to two market sources familiar with the system, just after the system was reopened after a week-long ransomware attack. The pipeline was the subject of a ransomware attack more than a week ago. The closure was the most disruptive cyberattack on record, preventing millions of barrels of gasoline , diesel and jet fuel from flowing to the East Coast from the Gulf Coast. (Reporting By Laura Sanicola, Stephanie Kelly and Jessica Resnick-Ault, Editing by Franklin Paul and

"Our internal server that runs our nomination system experienced intermittent disruptions this morning," the pipeline announced in a Tuesday tweet. "We are working diligently to bring our nomination system back online and will continue to keep our shippers updated."

The shutdown occurred as over 11,670 gas stations remained closed due to fuel shortages nationwide, according to the gas news site OilPrice.com. U.S. gas prices have also reached their highest point in seven years, according to Reuters.

In some states, gas prices are a dollar or more higher than they were one year ago. One gas station in Georgia temporarily charged $7.99 a gallon, though the station owner said it was due to an error and not price-gouging.

US pipeline still days away from operating after cyberattack

  US pipeline still days away from operating after cyberattack The closure will hurt fuel availability, push up prices and force refiners to cut production with no way to ship gas.The privately owned Colonial Pipeline Company said on Monday it was working on restarting in phases with “the goal of substantially restoring operational service by the end of the week.

Colonial has remained largely silent, answering no questions about the kind of protections it had in place on both its computer networks and the industrial controls that run the pipeline . In a statement late in the day on Tuesday, Colonial said it had manually started one part of the pipeline and delivered about 41 That makes gasoline prices a potential political issue after they’ve been relatively low for several years . Several airports around the South and the Washington area may be affected over the next few days because they are connected to the pipeline and typically retain only a few days’ supply.

The recent cyberattack targeting the Colonial Pipeline has triggered a comprehensive federal response focused on securing critical energy supply chains. President Biden is receiving regular briefings on the incident and has directed agencies across the Federal Government to bring their People are also paying exorbitantly high prices as shortages lead to empty stations . According to AAA, the national average retail price rose to .985/gallon Tuesday, the highest since 2014, 2.5% over last week's figures. Here's an update on what motorists in the Southeast see on the ground

The resulting fuel shortages have been exacerbated by consumers "panic-buying" and hoarding extra fuel to ensure their vehicles will stay running. The buying frenzy has caused miles-long lines at some gas stations. Some cars have also exploded when gas stored in portable tanks ignited.

In response to the pipeline's original shutdown, 17 states issued emergency declarations asking the federal government to help re-direct fuel to prevent shortages.

The over 5,500-mile pipeline delivers 2.5 million barrels of fuel per day to large U.S. markets. It also provides nearly half of the East Coast's fuel supplies. The Georgia-based company said it had to take its computer systems offline and shut down operations on May 7 after being targeted by a ransomware attack.

A criminal gang known as DarkSide took responsibility for the attack. The group apologized for the fuel disruptions, stating, "Our goal is to make money, and not creating problems for society.

Gas Panic Is America’s Latest Spasm of Pandemic Hoarding

  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.

Colonial Pipeline 's nomination system was shut on Tuesday, leaving shippers unable to plan fuel shipments, according to two market sources familiar with the system. Colonial , which operates the largest U.S. fuel pipeline , did not immediately respond to request for comment on the nomination system shutdown. The pipeline was the subject of a ransomware attack more than a week ago. (Reporting By Laura Sanicola, Stephanie Kelly and Jessica Resnick-Ault, Editing by Franklin Paul).

Colonial Pipeline , the nation’s biggest fuel system that has been working to restart since being hacked two weeks ago, is experiencing network issues that leave customers unable to access their fuel shipments. The system that allows customers to reserve space on the line , make changes to their batches or The Colonial system, a key fuel artery transports roughly 2.5 million barrels a day of refined products such as gasoline and diesel to the East Coast, had resumed service on May 12 after a ransomware attack shut down the entire system. Gas stations from Alabama to Washington D.C. ran

While the ransomware used Russian, the Russian government disavowed involvement. Democratic President Joe Biden also said the Russian government wasn't behind the attack.

In a statement issued last Sunday, Colonial Pipeline announced that its personnel had taken "additional precautionary measures to help further monitor and protect the safety and security" of its pipeline.

Newsweek contacted Colonial Pipeline for comment.

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Lindsey Graham Calls Out Biden on Colonial Pipeline Hack Response: 'Weak' .
"Is anybody in Russia afraid of hitting us again?" the Republican senator said.A recent cyberattack forced the Colonial Pipeline to shutdown operations, resulting in widespread fuel shortages in several states. As of this weekend, the pipeline has resumed normal operations but Colonial reportedly paid millions of dollars in ransom to the cyber criminal group DarkSide.

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