An Extended Pipeline Shutdown Could Impact Gas Prices In Southeast U.S. - NPR

The shut down of the Colonial Pipeline following a cyberattack is prompting speculation about what could happen to gasoline and diesel prices ahead of Memorial Day.

The shut down of the Colonial Pipeline following a cyberattack is prompting speculation about what could happen to gasoline and diesel prices ahead of Memorial Day.

The shutdown of one of the largest refined products pipelines in the United States following a ransomware attack has prompted speculation about what could happen to gas and diesel prices if the shutdown continues.

The impact of the Colonial Pipeline shutdown has so far not been felt at the pumps, with the national average holding steady at $2.96 a gallon on Sunday, according to American Automobile Association.

Colonial Pipeline, which carries gasoline, diesel and jet fuel from Texas to New York and moves about 45% of all fuel consumed on the East Coast, said in a statement on Friday that it was the victim of a "cybersecurity attack," which it later said involved ransomware