Gulf Coast Refiners, East Coast Consumers See Fallout from Colonial Pipeline Attack

SUGAR LAND--May 11, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--It didn't take long for drivers along the U.S. East Coast to see the ripple effects of Friday's ransomware attack on the Colonial Pipeline, which shut down activity on the largest fuel-transportation system in the region. As of Tuesday morning, nearly 10% of gas stations in Virginia were out of fuel, according to Bloomberg, which quoted GasBuddy analyst Patrick DeHaan. Three U.S. Gulf Coast oil refineries have reduced fuel production so far this week. Within this article: The latest details on the Colonial Pipeline System and the ransomware attack that halted its operations. Other companies featured: Valero Energy Corporation (NYSE:VLO) and Marathon Petroleum Corporation (NYSE:MPC)