FAST FIVE: Nearly 2,000 Gas Stations Out Of Fuel As Panic-Hoarding Hammers Southeast

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Nearly 2,000 Gas Stations Out Of Fuel As Panic-Hoarding Hammers Southeast Gas stations from Florida to Virginia ran dry, and prices at the pump skyrocketed late Tuesday, as the hack attack on the biggest US fuel pipeline extends into the fifth day.  On Tuesday evening, 17 states and Washington, DC declared emergency declarations to address fuel shortages.  The emergency declaration covers Alabama, Arkansas, D.C., Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.  The Biden administration projected that the Colonial Pipeline would restart by the weekend and urged drivers not to panic hoard fuel.  “We are asking people not to hoard,” US Energy Secretary Jennifer Granholm told reporters at the White House.

As of midnight, GasBuddy shows the percentage of filling stations in each state without gasoline.

GA 15.4% AL 1.8% TN 2.8% SC 13.4% NC 24.8% FL 4.2% VA 15.0% MD 3.5% To mitigate even more shortages, the Biden administration said Tuesday it has started mulling over the idea of a temporary waiver of the Jones Act, a US shipping law, to offset shortages.  The Environmental Protection Agency also issued an emergency fuel waiver on Tuesday for refiners to reformulate gasoline in the Mid-Atlantic area.

Besides Colonial, the hackers launched attacks on 24 other companies in various industries.  Colonial Pipeline told federal officials it would have a better idea when it will restart gasoline and diesel flows by late Wednesday.

Let's hope it's by the end of this week or, at the latest, this weekend – because if shortages continue – people will get angry.

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