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Wednesday, 12 May 2021 22:33

Colonial Pipeline Restarts: There's No Need to Panic Buy Gas (And Never Was)

Written by Rachel Treisman, NPR

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The Colonial Pipeline shutdown sent motorists across the Southeast scrambling for gas, even as state and federal officials warn against panic buying and price gouging.

The pipeline provides some 45% of the East Coast's fuel, and was shut down for days following a cyberattack. The company said May 12 it had restarted operations around 5 p.m. ET.

 

"Following this restart, it will take several days for the product delivery supply chain to return to normal," Colonial announced.

 

In the interim, people in states from Tennessee to Virginia lined up in droves to fill their tanks, consequently draining many gas stations of their fuel.

 

But experts stress that there's no underlying supply shortage to panic about---unless the run on gas pumps creates one.

 

To read more, see NPR.

 

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