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Colonial Pipeline Shutdown Threatens to Magnify Gasoline-Price Surge

Colonial Pipeline Shutdown Threatens to Magnify Gasoline-Price Surge © jim lo scalzo/Shutterstock The cyberattack that forced the closure of the top U.S. fuel pipeline threatens to disrupt gasoline supplies for millions, as the conduit’s owner estimated Monday that restoring service would take at least through week’s end. The new timeline for the Colonial Pipeline, a 5,500-mile system from Texas to New Jersey, came as the Federal Bureau of Investigation said it believed the attack involved a criminal gang with Eastern European ties known as DarkSide. Colonial Pipeline Co. said Monday it hoped to substantially restore service on the pipeline, which it shut Friday, by the end of this week.

United statesNew yorkNew jerseySakhalinskaya oblastBurns mcdonnellMatt jacksonTom klozaMarc ayalaAmrith ramkumarMichael tranCollin eatonDustin volzBob yawgerBureau of investigationEnergy departmentOil price information service

As Colonial Pipeline Shutdown Drags On After Hack, Eyes Are on Gasoline Prices

Colonial Pipeline Shutdown Threatens to Magnify Gasoline-Price Surge © jim lo scalzo/Shutterstock The cyberattack that forced the closure of the top U.S. fuel pipeline threatens to disrupt gasoline supplies for millions, as the conduit’s owner estimated Monday that restoring service would take at least through week’s end. The new timeline for the Colonial Pipeline, a 5,500-mile system from Texas to New Jersey, came as the Federal Bureau of Investigation said it believed the attack involved a criminal gang with Eastern European ties known as DarkSide. Colonial Pipeline Co. said Monday it hoped to substantially restore service on the pipeline, which it shut Friday, by the end of this week.

United statesNew yorkNorth carolinaSouth carolinaBurns mcdonnellMichael tranCollin eatonMarc ayalaAmrith ramkumarBob yawgerAmerican automobile associationColonial pipeline coGulf coastEast coastAmerican automobileMizuho securities united states

As Colonial Pipeline Shutdown Drags On, Eyes Are on Gasoline Prices

Colonial Pipeline Shutdown Threatens to Magnify Gasoline-Price Surge © jim lo scalzo/Shutterstock The cyberattack that forced the closure of the top U.S. fuel pipeline threatens to disrupt gasoline supplies for millions, as the conduit’s owner estimated Monday that restoring service would take at least through week’s end. The new timeline for the Colonial Pipeline, a 5,500-mile system from Texas to New Jersey, came as the Federal Bureau of Investigation said it believed the attack involved a criminal gang with Eastern European ties known as DarkSide. Colonial Pipeline Co. said Monday it hoped to substantially restore service on the pipeline, which it shut Friday, by the end of this week.

United statesNew yorkNorth carolinaSouth carolinaBurns mcdonnellMichael tranCollin eatonMarc ayalaAmrith ramkumarBob yawgerAmerican automobile associationColonial pipeline coGulf coastEast coastAmerican automobileMizuho securities united states

Biden s Great Big Week

POLITICO Get the Morning Money newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.

United statesUnited kingdomWhite houseDistrict of columbiaIsaac boltanskyShelley moore capitoPaul kiernanJoe bidenSaqib ahmedAllison prangJoe manchinStephanie landsmanMichael schumacherJerome powellBrian falerAllie bice

Corporate mind-meld on Biden plan

04/01/2021 08:00 AM EDT Editor’s Note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. Quick Fix Corporate mind-meld MM spoke with a C-suite level executive at Fortune 100 “real” economy company about the tax hikes included in President Biden’s “American Jobs Plan.” This person noted that the Business Roundtable (which came out against the plan) along with other top corporate groups have previously supported something around the 25 percent top rate Biden proposed.

United statesWhite houseDistrict of columbiaMegan cassellaBloomberg laura davisonDonald trumpSherrod brownd ohioBenjamin bainJoe bidenSarah ferrisJanet yellenBrian falerBloomberg matt robinsonReuter lucia mutikaniReuter david lawderAmrith ramkumar

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