Pipeline Attack & Trucker Shortage Likely To Lead To Higher Gas Prices

Monday, May 10th 2021, 10:11 am
By: Tevis Hillis

A cyberattack happened Friday and the target, Colonial Pipeline, shut down production. If the shutdown lasts longer, we could see gas prices rise on top of the ongoing trucker shortage.

The trucker shortage is expected to impact the delivery of goods including gas.

The national average of gasoline has risen by 4.5 cents per gallon in just the last week, averaging just $3.00 a gallon.

Experts said without drivers readily available, this could make gas supply tight in some areas.

As for gas prices, we could see those rise with the pipeline remaining closed.

While Colonial Pipeline is shut down due to a cyberattack, if they cannot turn their systems back on, we could see those prices at the pump rise.

As for this cyberattack, they are now becoming all too common.

"Unfortunately, these sorts of attacks are becoming more frequent. They're here to stay, and we have to work in partnership with businesses to secure- secure networks, to defend ourselves against these attacks," said U.S. Commerce Secretary Gina Raimondo.

They said the situation is growing more intense each day that passes.

Federal and government officials are aware of all the challenges facing gas stations and are working on solutions.