Does Ohio have a gas shortage due to pipeline cyber hack?

Southern states report that some stations are short of gas, but Ohio is not yet. Follow possible failures with the supply tracker in the story.

TOLEDO, Ohio – Ohio is seeing pump price spike this week before a potential cyberattack pain spreads to the colonial gas pipeline.

The 5,500-mile Colonial Pipeline provides about 45% of the fuel consumed on the east coast, and a cyberattack by Russian cybercriminal group DarkSide resulted in the shutdown on Friday, the FBI said.

While the colonial gas pipeline itself does not serve Ohio directly, consumers are wondering whether price increases are being observed here, even if the gasoline shortage currently affected in the southern states does not reach Ohio pumps.

Gasoline shortages were reported in North and South Carolina, Florida, Virginia and Georgia on Tuesday. The Georgia governor even signed an executive order temporarily suspending state taxes on fuel in response to rising prices, according to CBS News.

Toledo’s gas prices are up 11.6 cents in the past week, and overall the price at the pump in Ohio rose 7 cents, according to gas price analyst group Gas Buddy.

“While average gas prices rose last week as the nation continues to see a recovery from COVID-19, all eyes are now on the colonial pipeline and the fact that a cyber attack has shut all lines completely, creating a major challenge for the country Fuel supply could lead. ” “said Patrick De Haan, Head of Petroleum Analysis at GasBuddy.

“The situation is getting more intense every day without the pipeline being restarted. Motorists are advised to show extreme restraint or to aggravate and extend the challenges. If the pipeline is back on stream in the next day or two , the challenges are minimal, but if a full restart is not made by then, gasoline prices are likely to rise slightly, but more importantly, challenges for drivers in need of fuel in Georgia, Tennessee, the Carolinas, Virginia, and north Florida and surrounding areas. “

However, the impact of the Ohio Colonial Pipeline hack should be minimal, De Haan told WKYC, WTOL 11’s sister station in Cleveland.

“That’s because the Colonial Pipeline doesn’t serve the area. Refineries in the Midwest are still producing gasoline,” he said.

RELATED: How Are Ohio Gas Prices Affected by Cyber ​​Attacks on the Colonial Pipeline?

The real culprit is simple supply and demand. Production has been reduced during the pandemic, and as things open up again, demand has exceeded available.

According to WTOL 11’s sister station WCNC in Charlotte, it is important to know that there is no immediate shortage and therefore no need to panic buying gasoline, said Richard Joswick, head of global oil analysis at S&P Global Platts. If the pipeline is back up by Friday then there won’t be much of a problem.

With this Gas Buddy Tracker you can monitor the availability of fuel at petrol pumps in the area.

Comments are closed.