Jet fuel prices elevated after Colonial Pipeline cyberattack

May spot prices reached highest level since January 2020

Jet fuel prices elevated after Colonial Pipeline cyberattack

Photo courtesy of Colonial Pipeline Company

Spot prices for kerosene-type jet fuel along the U.S. Gulf Coast rose to levels not seen since before the pandemic after the May 7 ransomware cyberattack against the Colonial Pipeline led to the oil products pipeline’s temporary shutdown. Fuel prices after the attack peaked at $1.81 per gallon May 12, the highest spot price on […]

 

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