Analysts say the panic buying is causing an artificial shortage Author: Adaure Achumba Updated: 8:21 PM EDT May 11, 2021
GREENSBORO, N.C. More than 1,000 gas stations across the US Southeast have reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers.
This has come as the shutdown of a major pipeline by Russia-linked hackers entered its fifth day. The Colonial Pipeline, which delivers about 45% of the fuel consumed on the East Coast, was hit by a cyberattack on Friday. Part of the pipeline runs through Greensboro.
Drivers in the Triad rushed to the pumps at several gas stations to fill up their gas tanks causing long lines Tuesday.