“Holiday road trippers may come across some gas stations with low fuel supply in popular travel destinations, like beaches, mountains or national parks. However, markets are not expected to be fuel-less, like we saw in the wake of the pipeline shutdown,” McGee said.
Earlier this month, hackers locked up the Georgia-based company’s computer systems. The hackers didn’t take control of pipeline operations, but the company shut it down to prevent malware from affecting industrial control systems. Colonial Pipeline CEO Joseph Blount later said he approved paying more than $4 million to the Russian-based hackers who cyberattacked his company because “it was the right thing to do for the country.”
Colonial is now the target of a lawsuit alleging it employed lax cybersecurity measures that left it vulnerable to such an attack.
Memorial Day gas prices are at their highest level in seven years. (Image: AAA)
AAA is also citing new data from the Energy Information Administration showing gas demand increased from 9.22 million barrels per day to 9.58 million last week. Higher demand may contribute to fluctuating pump prices through the holiday.
Some quick stats from AAA:
- The nation’s top 10 largest weekly changes: Hawaii (+4 cents), Indiana (-4 cents), California (+3 cents), Oregon (+3 cents), Colorado (+3 cents), Maryland (−3 cents), Georgia (−3 cents), Oklahoma (−3 cents), Illinois (−3 cents) and Wisconsin (−2 cents).
- The nation’s top 10 least expensive markets: Louisiana ($2.71), Mississippi ($2.71), Missouri ($2.73), Texas ($2.74), Oklahoma ($2.75), Arkansas ($2.76), Kansas ($2.83), Minnesota ($2.83), Alabama ($2.83) and North Dakota ($2.84).
- Since last Thursday, these 10 states have seen the largest changes in their averages: Michigan (+9 cents), Ohio (+5 cents), Hawaii (+4 cents), Oklahoma (-4 cents), Indiana (+3 cents), Alaska (+3 cents), Texas (-3 cents), Georgia (-3 cents), North Carolina (-3 cents) and Maryland (-3 cents).
AAA recommends filling up the gas tank before arriving at vacation destinations because gasoline prices can be higher around popular tourist spots.