Fuel prices across the pond

We started to experience supply chain issues earlier in the pandemic related to shortages in semi-conductors and consumer packaged goods. Those persist, but now Europe is really starting to feel the pinch on shortages of energy and subsequently are paying for it.

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SAFETY UNDER STRESS

Across the South East motorists have pulled into gas stations only to see bags covering the handles of the pumps or long lines of cars out into the streets. As you have undoubtedly heard, the Colonial Pipeline has been shut down over the past few days due to a ransom attack. Now that Colonial has […]

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Colonial Pipeline Update

On May 7th, the Colonial Pipeline was paralyzed with a ransomware attack halting 45% of the East Coast fuel deliveries. With the Colonial Pipeline shut down, consumers began panic buying which had a major impact on the readily available supply of fuel.

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Colonial Pipeline Shut Down

The Colonial Pipeline has been shut down since Friday, May 7th after a cybersecurity attack.  It is the largest fuel pipeline in the United States that runs from Texas to New Jersey and transports roughly forty-five percent of the East Coast’s fuel supply.  Colonial transports 2.5 million barrels per day of gasoline, diesel, jet fuel […]

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