Cyberattack

The gasoline shortage crisis on the US East Coast is slowly abating, according to industry data. The modest recovery comes as the country’s largest fuel pipeline was brought back to normal operations after a cyberattack.

The nation’s two largest crude oil distillation units were shuttered on Sunday after it was reported that the Colonial Pipeline had suffered an “outage.”

Colonial Pipeline Co. paid hackers nearly $5 million to free their computer network Friday, despite claims they had no intention of doing so.

CHAMBLEE, Ga. (AP) — More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by a gang of hackers entered its fifth day Tuesday.

Gas stations in multiple U.S. states ran out of gas on Monday after hackers attacked a pipeline that runs from Texas to New Jersey.

Crude and fuel price rose on Monday as one of the largest fuel pipeline systems in the US remained largely shut down after a reported cyberattack. The US has declared a state of emergency in 17 states due to the situation.