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Gas hits highest price in 6 years despite attacked pipeline restartFuel outages persist in parts of the Southeast on Monday and the national gas price average remains at its highest level in six years even as the Colonial Pipeline has resumed operations following a ransomware attack.
The national gas price average on Monday was $3.04, according to data from the American Automobile Association. The AAA said a price increase leading up to Memorial Day weekend was expected, but last week's pipeline shutdown caused prices to surge in the weeks ahead of the holiday.
The Southeast will continue to experience tight supply this week as terminals and gas stations are refueled," Jeanette McGee, an AAA spokesperson, said in a statement Monday. "Over the weekend, gas prices started to stabilize, but are expected to fluctuate in the lead up to Memorial Day weekend."
Gas prices in Georgia, North Carolina and South Carolina all jumped 21 cents over the past week, according to AAA data, while gas prices in Virginia and Tennessee climbed 18 cents. Nationally, average gas prices have jumped eight cents on the week.
This is going to be an expensive summer for motorists," McGee added, though she said they don't expect this to deter people from taking road trips this summer
Meanwhile, swaths of gas stations throughout many southeastern states are still grappling with fuel outages.
Some 57% of gas stations in North Carolina have fuel outages as of Monday morning, according to data from fuel-price tracker Gasbuddy, marking the highest percentage of any state. This is followed by 49% of stations in South Carolina and 33% of stations in Virginia.
The District of Columbia, meanwhile, is dealing with a whopping 83% of stations reporting fuel outages, according to Gasbuddy
https://www.msn.com/en-us/money/markets/gas-hits-highest-price-in-6-years-despite-attacked-pipeline-restart/ar-BB1gPNVb