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Source: AP Photo/David Zalubowski
As any American who has hit the road during the opening weeks of this summer knows, prices at the pump are soaring.
The national average of a gallon of regular, unleaded gasoline reached $3.13 on Tuesday, according to the American Automobile Association (AAA). Such a high price would have been unthinkable two summers ago, when the national average sat at $2.75 per gallon.
Travellers hitting the road over the holiday weekend braved the highest Independence Day gas prices in seven years, when the national average sat at $3.66 per gallon.
“Today, 89% of U.S. gas stations are selling regular unleaded for $2.75 or more,” AAA spokesperson Jeannette McGee said on June 28. “That is a stark increase over last July 4 when only a quarter of stations were selling gas for more than $2.25.”
Elijah Nouvelage / Bloomberg via Getty Images
Originally published on May 12, 2021 7:27 pm
The Colonial Pipeline shutdown sent motorists across the Southeast scrambling for gas, even as state and federal officials warn against panic-buying and price gouging.
The pipeline provides some 45% of the East Coast s fuel and was shut down for days following a cyberattack last week. The company said Wednesday it had restarted operations around 5 p.m. ET. Following this restart, it will take several days for the product delivery supply chain to return to normal, Colonial announced.
In the interim, people in states from Tennessee to Virginia lined up in droves to fill their tanks, consequently draining many gas stations of their fuel.
Elijah Nouvelage/Bloomberg via Getty Images
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toggle caption Elijah Nouvelage/Bloomberg via Getty Images
Drivers wait to refuel vehicles Wednesday at a Costco Wholesale Corp. gas station in Dunwoody, Ga. Officials are urging people not to panic-buy as motorists in Southeastern states put a run on gas stations. Elijah Nouvelage/Bloomberg via Getty Images
The Colonial Pipeline shutdown sent motorists across the Southeast scrambling for gas, even as state and federal officials warn against panic-buying and price gouging.
The pipeline provides some 45% of the East Coast s fuel and was shut down for days following a cyberattack last week. The company said Wednesday it had restarted operations around 5 p.m. ET.