May 12, 2021
TeeRoy s 2 Cents:
Americans are being asked not to hoard gasoline or even fill up their tanks if they don t need to.
Telling Americans not to panic often makes them panic even more.
The pipeline shutdown is impacting states from Texas to New Jersey.
The Russian ransomware attack on the Colonial Fuel Pipeline last week forced the fuel distributor to shut down. Colonial hopes to resume service by the end of this week. Despite warnings about panic buying and hoarding gasoline, many people have been waiting in long lines to fill up the tank, and some stations have been jacking up their prices. S&P s Oil Price Information Service reports more than 1000 stations are experiencing shortages.
May 12, 2021
TeeRoy s 2 Cents:
Americans are being asked not to hoard gasoline or even fill up their tanks if they don t need to.
Telling Americans not to panic often makes them panic even more.
The pipeline shutdown is impacting states from Texas to New Jersey.
The Russian ransomware attack on the Colonial Fuel Pipeline last week forced the fuel distributor to shut down. Colonial hopes to resume service by the end of this week. Despite warnings about panic buying and hoarding gasoline, many people have been waiting in long lines to fill up the tank, and some stations have been jacking up their prices. S&P s Oil Price Information Service reports more than 1000 stations are experiencing shortages.