Colonial Pipeline

Gasoline demand spikes in several states after pipeline hack

A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock.

As of 4 pm ET Tuesday, 8.5% of gas stations in North Carolina and 7.7% in Virginia didn't have gasoline, according to outage figures reported by GasBuddy, an app that tracks fuel prices and demand. The Virginia figure was flat from 11 am ET, while North Carolina was up from 5.8% previously.

Rising outages are also being reported at gas stations in Georgia (5.8%), Florida (2.8%) and South Carolina (3.5%), according to GasBuddy, which collects user reports and shares the information with the government during emergencies.

"Panicked buying" is "running stations in the region dry," Patrick De Haan, head of petroleum analysis at GasBuddy, told CNN Business.
He warned that the "irrational behavior" could prolong supply issues "for weeks."

Tiffany Wright of AAA Carolinas criticized what she described as "irresponsible behavior at the pump."