Energy secretary urges Americans not to hoard gasoline after pipeline hacked

Fuel shortages are largely a result of unnecessary panic-buying, analysts say

“A lot of that is because they’re selling three or four times as much gasoline that they normally sell in a given day, because people do panic,” said Tom Kloza, an analyst with S&P. “It becomes a self-fulfilling prophecy.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Guardian /  🏆 84. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global renewable energy industry grew at fastest rate since 1999 last yearNew wind and solar power projects in China, Europe and the US spurred 45% rise in capacity
Read more »

Here’s everything we know about the Colonial Pipeline cyberattack threatening US energy suppliesColonial Pipeline says it’s ‘actively in the process of restoring’ the pipeline system
Read more »

The anti-inflammatory lifestyle can help banish depression and fatigue, boost energy and let you live your best lifeThe anti-inflammatory lifestyle can help banish depression and fatigue, boost energy and let you live your best life MentalHealthAwarenessWeek
Read more »

EPA issues fuel waiver to alleviate gas shortages after pipeline hackPanic buying has caused gas stations from Virginia to Louisiana to begin to run dry after Colonial pipeline shut down
Read more »