Your Evening Briefing: Colonial Says It’s Rebooting Hacked Gasoline Pipeline
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Drivers wait in line to refuel vehicles at a Costco gas station (at left) in Dunwoody, Georgia on May 12. U.S. national average retail gasoline prices rose above $3 a gallon for the first time since 2014 after a cyberattack shut operations at Colonial Pipeline, the main supply link for the East Coast.
Photographer: Elijah Nouvelage/BloombergThe largest gasoline pipeline in America is returning to service, according to the company that runs it, after a cyberattack choked fuel supplies across the eastern U.S. Shortages are likely to continue for some time however, as supplies got more sparse overnight with stations as far north as New Jersey affected. For the industry though the news was different: oil prices are rising and energy companies like this one are doing just fine. —David E. Rovella
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