Colonial Pipeline said on Saturday that its pipeline system has returned to normal operations after a crippling cyberattack forced a six-day shutdown in the USA. Since this incident began, we have been clear that our focus was on the safe and efficient restoration of service to our pipeline system, the company said on Twitter.
It had launched an initial restart on Wednesday following the shutdown triggered by the ransomware attack.
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Vehicles line up to get fuel at a Sunoco gas station in Sumter, South Carolina.(Bloomberg) Last week s complete shutdown of the crucial pipeline led to panic-buying and widespread gas station outages in the Southeast and prompted oil industry executives to warn that gas hoarding was worsening the supply crunch.
This week, localities nationwide recognized the work economic developers do to create vibrant communities with strong economies during National Economic Development Week, which runs from May 9 to 15.
Locally, economic officials have powered through an unprecedented pandemic and still assisted in company expansions and openings, provided grants to businesses and helped them retain their workforce.
In 2020, the Lynchburg Office of Economic Development and Tourism assisted multiple companies, including Bausch + Lomb, which invested more than $35 million to expand its manufacturing facility to provide U.S. distribution for its contact lens products and create 79 new jobs over the next five years.
In January 2020, Flowers Foods, one of the nationâs largest producers of packaged baked foods, announced a $25 million investment to expand and transform its Lynchburg bakery into an organic facility, creating 15 new jobs. The bakery, which the company has operated for more than 40 years
Colonial Pipeline shutdown: Expect gas shortages to go away by Memorial Day, expert says Elinor Aspegren and Michael James, USA TODAY
From fuel shortages to gas hikes, how the attack on the Colonial Pipeline could impact you
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Colonial Pipeline said Wednesday that it has resumed gas pipeline operations after it was forced to halt after being hit with a cyberattack last week.
The shut-off of the pipeline, the primary fuel conduit serving the East Coast, spurred many people on the east coast and in the southeast into panic-buying with some hoarding gas and drained supplies at thousands of gas stations. Average gas prices are above $3 and some stations in the Southeast are running out or low on fuel.