U.S. gasoline prices climb even as Colonial reopens after hack

Published by
Reuters

By Stephanie Kelly NEW YORK (Reuters) – U.S. retail gasoline prices hit a fresh seven-year high on Monday, as it will take some time for the nation’s largest fuel pipeline’s supply chain to fully catch up after a cyberattack that resulted in a six-day system outage last week and mass panic-buying. The closure of Colonial Pipeline’s 5,500-mile (8,900-km) system was the most disruptive cyberattack on record, preventing millions of barrels of gasoline, diesel and jet fuel from flowing to the East Coast from the Gulf Coast. Last week more than 15,000 gas stations ran dry as drivers fearing a prolo…

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