Gas prices could rise as pipeline shutdown continues

Gas prices could rise as pipeline shutdown continues

Gas prices are shown on a Exxon service station sign in Philadelphia, Wednesday, April 28, 2021. Commodities like plastic, paper, sugar and grains are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion. (AP Photo/Matt Rourke)

NEW YORK (AP) — The shutdown of the pipeline that carries gasoline and other fuel from Texas to the Northeast is continuing. The Biden administration says an “all-hands-on-deck” effort is underway to restore operations and avoid disruptions due to the cyberattack that led to the shutdown. As part of that effort, the Transportation Department is loosening regulations over the transport of petroleum products on highways. Experts say gasoline prices are unlikely to be affected if the pipeline is back to normal in the next few days. People close to the extortion investigation are pointing to a criminal gang known as DarkSide as the culprit.

 

Photo: Gas prices are shown on a Exxon service station sign in Philadelphia, Wednesday, April 28, 2021. (AP Photo/Matt Rourke)