Biden Administration Faces Rising Pressure to Ease Gasoline Shortages From Hack

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  • Bloomberg Quicktake: Now published this video item, entitled “Biden Administration Faces Rising Pressure to Ease Gasoline Shortages From Hack” – below is their description.

    The Biden administration moved Tuesday to ease gasoline shortages caused by a ransomware attack on the nation’s largest pipeline network, as concerns grew that spiking fuel prices and supply disruptions could hinder travel while the nation recovers from the Covid pandemic.

    The Environmental Protection Agency waived gasoline volatility requirements in three Mid-Atlantic states and Washington, D.C., to bring more fuel to an area normally well supplied by the Colonial Pipeline. Hours later, the Department of Transportation announced steps that could lead to a waiving of the 101-year-old Jones Act to permit foreign tankers to transport gasoline and diesel to East Coast ports.

    The actions are among several President Joe Biden can take to blunt the potential political fallout from fuel shortages and rising prices at the pump just as he’s trying to jump start the economy after the worst pandemic in a century.

    “We’re going to move in lightning speed,” Homeland Security Secretary Alejandro Mayorkas said at a White House briefing.

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