Fuel prices remain high as FBI investigates cyberattack at Colonial Pipeline
Federal officials have declared an emergency following a cyberattack at a major gas pipeline.
Gas prices across the country have been on the rise, with the average price for fuel above $3 in New Jersey.
Gas prices have gone up an average of 8 cents in New Jersey and 6 cents nationally, according to AAA. But drivers say that they will still get fuel, no matter how high the prices go.
“We depend on the gas to commute and get to work and do errands,” says Jose Familia, of Woodbridge.
The Colonial Pipeline, which delivers approximately 45% of all fuel to the East Coast, announced they were the victim of a cybersecurity attack shutting down the pipeline running from Texas to New York Harbor. Experts say while gas prices are up it isn't because of the influence from the shutdown.
"It's not the Colonial Pipeline yet. Last week we saw very strong wholesale gasoline prices and very strong crude oil prices so you're seeing a lot of retailers catching up with that,” says Tom Kloza, a veteran oil analyst for Oil Price Information Service.
AAA leaders say that the shutdown of the pipeline could impact gas prices, but others say that it won’t be much.
"I think they look pretty much like you see in the next couple of days on either side of $3. They're not going to be anywhere near as high as what we saw in 2008, 2011 and 2014,” says Kloza.
Once the pipeline is up and running, there could still be delays as it takes over two weeks for fuel to flow from Texas to the East Coast. Operators of the pipeline say that they hope to have service mostly restored by the end of the week.
The FBI has linked the attack to a criminal gang known as Darkside believed to have roots in Eastern Europe.