US fuel supply crisis after cyber attack on Colonial Pipeline

Gasoline supplies in the US have become increasingly tight after a cyber attack on the fuel pipeline system of Colonial Pipeline company 5 days ago.

Colonial Pipeline’s Dorsey hub in Maryland, USA. Photo: Reuters The difficulty in fuel supply has raised concerns that gasoline prices at pumping stations will escalate during the peak summer travel season. Colonial Pipeline said the company is trying to resume operations this weekend after its fuel pipeline system was paralyzed since May 7 after being hit by a cyber attack. The shutdown of the Colonial Pipeline’s fuel pipeline system shut down nearly half of the US East Coast’s fuel supply. The US Energy Administration on May 10 called for mandatory cybersecurity standards for fuel pipeline operators and operators. “Incentivizing the voluntary application of standards to pipelines is inadequate,” said US Federal Energy Regulatory Commission Chairman Richard Glick. The US Federal Bureau of Investigation (FBI) has accused a cybercriminal group called “DarkSide” of causing a ransomware attack on Colonial Pipeline. Reuters news agency quoted cybersecurity experts as saying that DarkSide is based in Russia or Eastern Europe, so the gang usually avoids targeting computers that use the languages ​​of the former Soviet republics. However, US President Joe Biden on May 10 expressed he did not believe that the Russian government was behind the cyber attack on the Colonial Pipeline. “So far there is no evidence based on our intelligence that Russia is involved,” Biden said. A statement titled DarkSide group on May 10 stated: “Our goal is to make money and not create problems for society.” Ransomware attack is a type of malware designed to disable computers by encrypting data and blackmailing victims if they want to regain system access. It is not clear what price the hackers offered for Colonial Pipeline, and the company has not commented on the matter. Fuel demand in the southeastern United States has increased sharply in recent days as consumers fear fuel shortages. The Southeastern region of the United States has long depended mainly on the supply of fuel flowing through the Colonial Pipeline’s pipeline system. The average national gasoline price rose 6 cents to $2.96 a gallon last week, the highest since May 2018 and close to a peak set in 2014, the American Automobile Association said. also warned of speculation about fuel hoarding as the supply continued to decrease. Katina Willey, a resident of Florida on May 10, said she had to go to 5 gas stations to buy gas. “Consumers have to wait in long lines at three of the five gas stations I go to,” added Katina Willey. Many other car owners said they were also looking to refill their gas tanks out of fear that the fuel situation could worsen. If the Colonial Pipeline’s pipeline disruptions continue, fuel suppliers may be able to force fuel transportation by trucks and trains to partially ease the fuel shortage. The US Department of Transportation on May 9 lifted travel restrictions for fuel truck drivers in 17 states affected by supply disruptions.