The owner of Colonial Pipeline said it expects to resume full operations Thursday after a cyberattack forced the 5,500-mile fuel pipeline to shut down
The owner of the largest U.S. fuel pipeline said it expects to resume full operations Thursday after a cyberattack forced it to shut it down, leading to spot gasoline shortages and higher prices.
Colonial Pipeline Co., operator of the 5,500-mile conduit that moves 100 million gallons of fuel a day from Texas to New Jersey, said it expects fuel to arrive by midday to all the markets it serves. It transports about 45% of the fuel consumed on the East Coast. The shutdown of the pipeline, which delivers gasoline, diesel, jet fuel and other refined products, triggeredalong parts of the East Coast this week and helped push gasoline prices to their highest levels in 6 ½ years.
“Colonial Pipeline has made substantial progress in safely restarting our pipeline system and can report that product delivery has commenced in a majority of the markets we service,” it said in a statement. The company shut down the pipeline late Friday after being hit with a ransomware attack. U.S. officials linked the attack to
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