Tag: Gas Prices

Florida gas prices level for now, as panic buyers create artificial fuel demand

Written by Fort Myers Mortgage Syndicated User on May 12, 2021. Posted in Fort Myers Mortgage, Mortgage Fort Myers.

Lines down the street and gas pumps sheathed in yellow bags: from all appearances, Florida is experiencing a fuel shortage. But contrary to first glance, the state is well supplied with fuel, according to The Auto Club Group [AAA]. Panic buying is real driver of the Sunshine State’s not-so-sunshiney shortage, as the east coast grapples with the Colonial Pipeline shutdown. The Colonial Pipeline, which is responsible for 45% of the east coast’s fuel supply, was cyber-attacked by a Russian criminal group called DarkSide on Friday, the Federal Bureau of Investigations confirmed on...

Colonial Pipeline cyber attack won’t affect Florida’s gas supply, but prices could shift

Written by Fort Myers Mortgage Syndicated User on May 10, 2021. Posted in Fort Myers Mortgage, Mortgage Fort Myers.

A cyber attack on Friday caused a major U.S.fuel pipeline to temporarily halt operations as officials work to mitigate the threat. A Russian criminal group called DarkSide could be responsible for using ransomware to extort the Colonial Pipeline, which carries fuel from Texas and supplies states across the southeastern US and up to the New York Harbor, NBC News reported. As Florida receives its fuel largely from Gulf Coast refineries via waterborne vessels, the state will be well supplied with gasoline as officials work to restart the pipeline, according to The Autoclub Group [AAA]. Prices...