Jet fuel prices elevated after Colonial Pipeline cyberattack
May spot prices reached highest level since January 2020
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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