The Colonial Pipeline, which delivers about 45% of the East Coast’s supply, was hit Friday with a cyberattack, raising concerns about the vulnerability of vital U.S. infrastructure. Although average price increases haven’t been that large, the pressure is all upward, he said, as gulf refineries throttle back “because there’s nowhere to go with the refined product” in the absence of the Colonial Pipeline. Total SE and Citgo Petroleum Corp. are among refiners that have reduced fuel production in response to the pipeline shutdown. Air carriers are being affected because the Colonial Pipeline also carries jet fuel. AdvertisementThe Colonial Pipeline each day ships about 2.5 million barrels, or about 105 million gallons, of gasoline, diesel and jet fuel.

Source: Los Angeles Times May 12, 2021 01:43 UTC