East Coast gas shortages come down, but prices at the pump rise

Gas shortages were widespread in the mid-Atlantic and southeastern United States on Saturday, but prices at the pump continued to rise anyway.

East Coast drivers faced a number of crises after the biggest pipeline shutdown in the US following a cyber attack on 7 May. The Colonial Pipeline needed until Wednesday to obtain a pipeline that supplied 45 percent of the East Coast’s fuel after the ransomware attack.

The shutdown resulted in a shortage that caused panic conditions in many states.

According to the fuel-tracking app, about 13,400 gas stations were still closed on Saturday Gasoline, Down 17 percent from 16,200 recorded without gas on Friday.

Gas prices continue to climb, however, a trend that preceded pipeline problems.

The average price for a gallon of regular unleaded gas across the United States was $ 3.04 on Saturday, According to AAA. This is a nearly 3 percent increase from the average of $ 2.96 a week earlier, and a dramatic 63 percent spike compared to the $ 1.87 per gallon Americans paid for gas last May, when demand fell amid multinational pandemic lockdowns. Oil fell below market due to.

Gas prices rise in the US, usually before Memorial Day, which marks the beginning of the summer holiday season. Demand is expected to be higher this summer as more tourists opt for road trips amid the sluggish epidemic, which could further raise prices.

An Exxon Station in Washington, DC
An Exxon station in Washington, DC ran out of gas after a cyber attack on May 15, 2021, crippling the nation’s largest pipeline and drivers starting stockpiling fuel.
Yuri Gripas / Reuters

This week’s shortage prompted a wave of gas-station fistuffs, creative gas collection methods, and even petty crime as Americans searched for fuel, including one from Georgia called the U-. Hall was arrested after piercing the gas tank. A Florida driver’s Hummer was engulfed in flames shortly after loading four containers of gas from behind.

According to GasBuddy analyst Patrick De Haan, gas demand in the United States has declined in recent days, down about 13 percent from the previous week.

The number of stations reporting a shortage of gas stations in Washington DC decreased from 6 percent to 40 percent, Reuters reportedCiting GasBuddy data. Virginia and North Carolina also reported fewer station closures.

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