June 18, 2021
Markets

No restart yet for pipeline shut by cyberattack; gasoline prices climb

Colonial Pipeline said in a statement it would only “bring our full system back online only when we believe it is safe to do so, and in full compliance with the approval of all federal regulations.”

Colonial also confirmed that hackers used ransomware to shut down its internal computer business networks. That prompted the company to shut down the systems that control the pipeline as a precaution, and it has brought in third-party cybersecurity firms and is trying to restore its IT system, the Georgia-based company said.

The White House has so far not publicly commented on the situation, but the Department of Transportation issued waivers on Sunday allowing drivers of fuel trucks in 17 states along the pipeline’s route to work beyond the normal 11-hour driving limit per day because of the shutdown.

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