Slight fuel value decline in Greensboro after the pipeline shutdown causes a rise

Posted: Jun 1, 2021 / 12:21 PM EDTUpdated: 06/01/2021 / 12:21 PM EDT

Gas tankers are loaded with gas in Greensboro as the closure of the Colonial Pipeline forces crews to move by road

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GREENSBORO, NC (WGHP) – Gas prices fell 1.7 cents this week, three weeks after a ransomware attack paralyzed the Colonial Pipeline for several days, causing a supply chain crisis that skyrocketed drove.

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GasBuddy said gas prices in Greensboro averaged 2.91 gallons. That’s 27.3 cents more than a month ago just before the pipeline shut down and over a dollar more than a year ago.

The cheapest gas found among 586 gas stations surveyed was $ 2.70 a gallon, and the highest was $ 3.19.

The start of the summer travel season and rising demand combined with the challenges of oil production mean, according to Gas Buddy, we won’t see a significant price drop this summer.

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