Posted on 05/10/21
| News Source: The Hill
Gas prices are expected to rise following a ransomware attack targeting Colonial Pipeline Company last week that forced the company to shut down a major fuel pipeline.
Reuters and The Associated Press noted that gas prices were already up nationwide by an average of six cents per gallon over the past two weeks. Industry experts are expecting further increases, particularly in the U.S. southeast.
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“If the interruption persists, we will see more regional impacts than nation-wide, in terms of supply and prices. The south/southeast (Maryland to Mississippi to Georgia), will likely see gas prices increase first,” the American Automobile Association (AAA) told Reuters.
Read more at The Hill.