U.S. Pipeline Partly Restarts Amid Panic Buying

Long lines formed outside gas stations on Wednesday across parts of the United States after a pipeline outage caused fears of gasoline shortages. A ransomware attack on the Colonial Pipeline last week halted 2.5 million barrels per day of fuel shipments. The pipeline stretches approximately 8,850 km from U.S. Gulf Coast oil refineries to consumers in Mid-Atlantic and Southeast states. The supply crunch sparked panic buying in the U.S. Southeast, bringing long lines and high prices at gas stations ahead of the Memorial Day holiday weekend at the end of May, the traditional start of the peak summer driving season.

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