US fuel prices jump as shortages worsen after pipeline cyberattack

Officials consider new ways to alleviate the shortages, following a raft of waivers easing quality standards for petrol and extending working hours for fuel truckersA bagged nozzle at a petrol pump notifies motorists that it no longer has fuel after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Chapel Hill, North Carolina, the US, May 12 2021.

US transportation secretary Pete Buttigieg said the Biden administration is working around the clock to help deal with fuel shortages and restore Colonial operations, including moving fuel to places that need it. On Tuesday, energy secretary Jennifer Granholm said Colonial's CEO indicated that the company would decide Wednesday whether it can make a full restart, which could take days to complete.

“This takes premium, but they're out,” said Rosslow, the owner of the Wrecking Bar Brewpub in Atlanta's Reynoldstown neighbourhood. “Even at that, the price jumped to what, $3.39?”

I think that this is made up. They would experience negative prices again as we enter the third wave. In other words, they will pay their suppliers to take their products as the price of not paying them will be higher due to environmental effects of lacking storage capacity.

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