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You ll pay more for gas as pipeline faces cybersecurity threat
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Gas prices are going up in May 2021 in the wake of a cybersecurity attack temporarily shutting down a major pipeline. (Getty Images)Maskot
One of the country’s largest oil and gas pipelines running from Texas to New Jersey was forced to shut down on Friday after a cybersecurity attack - and the Northeast could experience increasing gas prices after the pipeline’s operator, Colonial Pipeline, immediately shut down the pipeline to contain the threat.
While small segments of the pipeline have opened up, four of the operator’s main lines remained closed on Monday. The operator said the pipeline won’t be “substantially” restored until the end of the week, in a statement released Monday.