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Update (1828ET): The White House published a fact sheet on its response to the Colonial Pipeline hack: 

The recent cyberattack targeting the Colonial Pipeline has triggered a comprehensive federal response focused on securing critical energy supply chains. President Biden is receiving regular briefings on the incident and has directed agencies across the Federal Government to bring their resources to bear to help alleviate shortages where they are occurring. The Administration is focused on avoiding potential energy supply disruptions to impacted communities, the U.S. military, and other facilities reliant on gasoline, diesel, jet fuel and other refined petroleum products. The Administration is continually assessing the pipeline shutdown’s impact on the U.S. fuel supply, as well as what additional actions are available to mitigate the impact of the pipeline’s shutdown.

… read the rest here

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Update (1452ET): Emergency declarations have been issued in 17 states and Washington, DC due to fuel shortages stemming from the Colonial Pipeline ransomware attack. 

The emergency declaration covers Alabama, Arkansas, D.C., Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia. 

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Update (1427ET): In a White House press briefing, Energy Secretary Jennifer Granholm said the government “will have no tolerance for price gouging” during the gasoline shortage in the Southeast. She said gas station owners should “act responsibly.” 

Granholm said the Colonial pipeline should be “substantially operational by the end of this week and over the weekend.”

… let’s hope. 

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Update (1420ET): Many folks are being pushed to their breaking point. There’s gasoline, lumber, chicken, housing, semiconductor, and commodity shortage, among others, transforming Biden’s America into a glimpse of socialist Venezuela. 

Bloomberg reports that some people in the Southeast waited five hours Tuesday to fill up their vehicle. That is, if they could even find gasoline. 

As a result of the Colonial Pipeline Co. hack, RaceTrac Petroleum Inc. warned customers that some of its gas stations in the Southeast were experiencing shortages. A spokeswoman for the company said its filling stations in Louisiana, Georgia, Tennessee, and Alabama were experiencing disruptions. 

Fuel shortages have spread from Florida to Virginia as the shutdown of Colonial’s 2.5 million barrels pipeline remains partially offline for the fourth day. We noted earlier that a section of the pipeline system from Greensboro, North Carolina, to Baltimore had been briefly turned on. 

Liberty Petroleum Corp. Chief Operating Officer John Patrick said customers in Virginia and Maryland waited as long as five hours to fill up their tanks. People are also paying exorbitantly high prices as shortages lead to empty stations. According to AAA, the national average retail price rose to $2.985/gallon Tuesday, the highest since 2014, 2.5% over last week’s figures. 

Here’s an update on what motorists in the Southeast see on the ground: 

Long lines at the pump in Nashville. 

Continue Reading: zerohedge.com

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