(WATCH: Huntersville neighbors eager for answers about Colonial Pipeline gasoline leak). According to the AAA auto club, the national average for a gallon of regular gasoline has increased by four cents since Monday to $2.94. We saw a 45% increase in the price of gas in a short 10-month span. ALSO READ: Colonial Pipeline VP takes Channel 9 to Huntersville spill and recovery site. Follow him on Twitter at @JoeTaschler or Facebook at facebook.com/joe.taschler.1. Ransomware scrambles a victim organization’s data with encryption. “I’m so frustrated with this whole year, but this is like too much,” Bomgardner said. Reformulated gasoline costs more to produce than the non-reformulated gas that is used in the Upper Midwest during winter. Dollar losses are in the tens of billions. “It’s just one more thing that takes us into major stress.”, So, the Colonial Pipeline is shut down. The FBI and the White House’s National Security Council did not immediately return messages seeking comment. Gas prices, already close to $3 a gallon after a cyberattack on Colonial Pipeline, are expected to keep rising through the week, especially in the eastern United States. The national average price of gas has risen ⬆️ for the second straight week… and experts are saying that trend could continue. “The attacks were extremely sophisticated and they were able to defeat some pretty sophisticated security controls, or the right degree of security controls weren’t in place,” Chapple said. Gasoline futures ticked higher Monday following the cyberextortion attempt on a vital U.S. pipeline that carries fuel from the Gulf Coast to the Northeast. Prices went from $1.87 in April 2020 to $2.72 in February 2021. Gas prices across the country are rising, so people are flocking to the pumps to get their fill before the price tag soars. The criminals leave instructions on infected computers for how to negotiate ransom payments and, once paid, provide software decryption keys. Henry McMaster said his office has been in constant contact with the Office of Regulatory Staff about the shutdown and will be ready to take any additional steps that may be necessary. In response to the attack, the Biden administration loosened regulations for the transport of petroleum products on highways as part of an “all-hands-on-deck” effort to avoid disruptions in the fuel supply. One final fact that impacts gasoline prices is whether the U.S. is in winter or summer gasoline season. South Carolina’s gas price average increased by 7 cents on the week, currently sitting at $2.67 – this is 9 cents more expensive than last month and $1.10 more expensive than a year ago.”. Colonial Pipeline halts operations after cyberattack https://t.co/5Szrmm1uZa. Colonial Pipeline says a cyberattack forced it to temporarily halt all operations on a major pipeline that delivers roughly 45% of all fuel consumed on the East Coast. Futures jumped 1.5% Monday, the largest movement in about a week, with the potential for disruptions in fuel delivery still unknown. I stopped for gas just now having no idea what was happening. Energy prices tumbled on March 18. (Photo By … Much of Wisconsin's fuel comes from refineries in the Chicago area. People here told me they’d been to other stations and found the same. Once the pipeline is up and running, AAA said there could be residual delays because it takes about 15 to 18 days for fuel to flow from Texas to New York. Colonial Pipeline said Monday it hopes to have service mostly restored by the end of the week. By Brady Carlson , Wisconsin Public Radio - May 11th, 2021 10:32 am AAA said if the trend continues upward, an increase of three cents will make the national average the most expensive since 2014. RELATED: How will oil pipeline cyberattack impact prices at the pump? Here's where the situation stands as of Monday: Milwaukee gas prices have risen 6.4 cents per gallon in the past week, averaging $2.84 a gallon on Monday, according to GasBuddy's daily survey of 615 stations in the metro area. Anne Neuberger, the Biden administration’s deputy national security adviser for cybersecurity and emerging technology, said in an interview with The Associated Press in April that the government was undertaking a new effort to help electric utilities, water districts and other critical industries protect against potentially damaging cyberattacks. Drivers unhappy with rising gas prices, paying close attention to pipeline shutdown impact AAA says not a time to hoard gasoline THERE’S A GROWING PAIN AT … Cole said he hasn’t worked with Colonial with this ransom attack, but said with other similar cases, gas companies normally pay the ransom of $1-2 million because it could take months to rebuild their system. Microsoft and partners may be compensated if you purchase something through recommended links in this article. (WATCH: Colonial Pipeline halts operations after cyberattack; will gas prices rise? Accurate numbers are elusive. Experts expected a rise in gas prices this spring, with more people planning … The attack on the Colonial Pipeline could exacerbate that upward pressure on prices if it is unresolved for a period of time. Gas Prices Rising In State Up 11 cents per gallon since April as people drive more, fueling demand. “Today’s emergency declaration will help North Carolina prepare for any potential motor vehicle fuel supply interruptions across the state and ensure motorists are able to have access to fuel,” said Cooper in a statement. ALSO READ: Size of pipeline gasoline spill again underestimated in Huntersville. Washington gas prices are rising, but it's not because of Colonial Pipeline attack Todd Herman Todd Herman Show Notes: 5.11.2021 Local News … This process is already underway, and we are working diligently to address this matter and to minimize disruption to our customers and those who rely on Colonial Pipeline.”, FIND AND AVOID GAS SHORTAGES: Gas Buddy Gasoline Availabilty Tracker. Brian Bethune, a professor of applied economics at Boston College, also said the impact on consumer prices should be short-lived as long as the shutdown does not last for more than a week or two. Some gas stations around Charlotte were already experiencing gas shortage issues. Under President Donald Trump, national average prices for unleaded regular hit peaks of $2.94 in June 2018, $2.88 in October 2018, and $2.89 in April 2019. Gas Prices Back to Pre-Pandemic Levels ] Gasoline futures were up about 1.5% on Monday morning, signaling that prices at the pump could increase … more. The pipeline shutdown is just one factor in rising gas prices in Massachusetts, along with springtime -- people pay more at the pump this time of year, as heating gas costs fall -- and COVID fatigue. The average U.S. price of regular-grade gasoline has jumped 6 cents over the past two weeks, to $3.02 per gallon, which is $1.05 higher than it was a year ago. It delivers roughly 45% of fuel consumed on the East Coast, according to the company. A hacker’s botched attempt to poison the water supply of a small Florida city raised alarms about how vulnerable the nation’s critical infrastructure may be to attacks by more sophisticated intruders. FBI names Darkside for Colonial Pipeline cyberattack; willl prices at the pump increase? U.S. gasoline prices have generally increased since reaching a multiyear low of $1.77/gal in late April 2020, primarily because of higher crude oil prices and higher wholesale gasoline margins. Please consider supporting local journalism by subscribing to the Journal Sentinel at jsonline.com/deal. “In oil and gas, you have operation tech systems that are meant to be isolated from the work remote force. “The impact of this pipeline outage will vary regionally,” spokesperson for AAA Carolinas said. AAA has forecasted that gas prices will climb even more in reaction to the shutdown. “At this time, our primary focus is the safe and efficient restoration of our service and our efforts to return to normal operation. … The price we pay at the gas station tends to follow. Colonial Pipeline said it hopes to have most of its services restored by the end of the week. UNITED STATES - MARCH 15: Gas prices are displayed at the Exxon station on Capitol HIll in ...[+] Washington on Monday, March 15, 2021. They are a continuation and refinement — ransomware was barely a blip three years ago — of more than two decades of cyber-thieving. Oil analyst Andy Lipow said the impact of the attack on fuel supplies and prices depends on how long the pipeline is down. An extended outage along the Colonial Pipeline would force suppliers to seek fuel from the Midwest, rather than the Gulf. Gas prices rising May 12, 2021 No doubt you've noticed it already, but there has been a large jump in the price of a gallon of gas. We don't yet know what that means for the global pandemic. It includes concrete milestones for them to put technologies into use so they can spot and respond to intrusions in real time. With more travel on the horizon for newly vaccinated Wisconsinites, gas prices in Wisconsin are rising. She said the goal was to ensure that control systems serving 50,000 or more Americans have the core technology to detect and block malicious cyber activity. Gas prices continue to rise in most of the United States, and top analysts say it will likely continue. North Carolina Gov. 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