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Gas hits highest price in 6 years, fuel outages persist despite Colonial Pipeline restart

Gas hits highest price in 6 years, fuel outages persist despite Colonial Pipeline restart

ABC News
Monday, May 17, 2021 05:16:09 PM UTC

Fuel outages persist, and the national gas price average remains at its highest level in six years, even as the Colonial Pipeline has resumed operations.

Fuel 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.
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