19 June 2021,   03:20
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US passes emergency waiver over fuel pipeline cyber-attack - fuel prices are likely to rise 2-3%

The US government issued emergency legislation on Sunday after the largest fuel pipeline in the US was hit by a ransomware cyber-attack, writes BBC.

The Colonial Pipeline carries 2.5 million barrels a day - 45% of the East Coast’s supply of diesel, gasoline and jet fuel.

It was completely knocked offline by a cyber-criminal gang on Friday and is still working to restore service. The emergency status relaxes rules on fuel being transported by road.

It means drivers in 18 states can work extra or more flexible hours when transporting gasoline, diesel, jet fuel and other refined petroleum products. They are Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.

Experts say fuel prices are likely to rise 2-3% on Monday, but the impact will be far worse if it goes on for much longer.

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