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A cyberattack on an oil pipeline providing gasoline to 45% of the East Coast could cause gas prices in Pennsylvania to soar over Memorial Day weekend. The Colonial Pipeline shut down after a ransomware attack Friday, preventing the Georgia-based company from transporting 100 million gallons of fuel through it’s 5,500-mile path from Texas to New Jersey. The pipeline reopened Wednesday, but it will take several days to fully restore service. Gasoline prices have already been on the rise in Pennsylvania, due in part to a waning coronavirus pandemic, with the average cost per gallon at $3.10 as of Wednesday, according to estimates from AAA. ....
Posted By Kali Cozyris on Thu, May 13, 2021 at 6:00 AM click to enlarge Courtesy of the Clarke Historical Museum Acquaint yourself with Humboldt’s not-so-illustrious past with an eye and an ear toward making things better at the Humboldt Asian Histories & Futures Panel on Friday, May 14 from 5 to 6:30 p.m. via Zoom (free). Humboldt Asians and Pacific Islanders in Solidarity’s program brings together community members, historians and local artists to remember Humboldt’s Chinese expulsions and their reverberations today. The program is followed by an open discussion on how to be decent, respectful and loving humans to one another, lest we repeat history. To register for the event, go to https://library.humboldt.edu/news/humboldtasianfutures. ....
A cyber attack on an oil pipeline providing gasoline to 45 percent of the East Coast could cause gas prices in Pennsylvania to explode over the Memorial Day weekend. The Colonial Pipeline shutdown after a ransomware attack Friday, preventing the Georgia-based company from transporting 100 million gallons of fuel through it’s 5,500-mile path from Texas to New Jersey. Gasoline prices have already been on the rise in Pennsylvania, due in part to a waning coronavirus pandemic, with the average cost per gallon at $3.10 as of Wednesday, according to estimates from AAA. Gas was at $3.02 per gallon about a week before, about a 4-cent jump from the statewide average around this time last month. ....
The U.S. old-crop corn supplies dip, soybean supplies left unchanged, creating mixed market reaction. As a result, the CME Group’s farm markets changed little from how they were trading before the release of the report. At the close, the July corn futures finished 7½¢ lower at $7.14¼. New-crop September futures closed 13¼¢ lower at $6.21½. December corn futures closed 18¾¢ lower at $5.93.
July soybean futures closed 27¾¢ higher at $16.42½. August soybean futures settled 19¢ higher at $15.72½. New-crop November soybean futures ended 12¾¢ higher at $14.43¼. July wheat futures closed 12¢ lower at $7.29¾. July soymeal futures closed $1.80 per short ton higher at $448.80. July soy oil futures ended 1.60¢ higher at 66.40¢ per pound. ....