The governors of Virginia, Florida and Georgia have all signed executive orders in their respective states in an attempt to prohibit price gauging of fuel prices and to prepare for possible shortages.
Grow Your Business, Not Your Inbox
Stay informed and join our daily newsletter now!
3 min read
Opinions expressed by Entrepreneur contributors are their own.
The fallout from the Coastal Pipeline cyberattack continues to increase in severity as three more states have declared a state of emergency surrounding the situation.
The governors of Virginia, Florida and Georgia have all signed executive orders in their respective states in an attempt to prohibit price gauging of fuel prices and to prepare for possible fuel supply shortages.
“This emergency declaration will help the Commonwealth prepare for any potential supply shortages and ensure Virginia motorists have access to fuel as we respond to this evolving situation,” Virginia Governor Ralph Northam said in a statement.
Wow! Gas prices at this BP gas station off Williamsburg Rd in Richmond now up to $6.99. When we arrived about 20 minutes ago it was at $5.99.
A woman who lives in this area says when she filled up two hours ago it was at $2.99. @CBS6 pic.twitter.com/LBbtAuDGRi
— Shannon Lilly CBS 6 (@ShannonLillyTV) May 11, 2021
that is why the governor of Virginia should not have issued a state of emergency, it automatically created a false panic for no reason.
— Steven Badeau (@StevenBadeau) May 12, 2021
The Virginia Department of Emergency Management urged residents to not “panic” buy gas out of fear.
“This can create spot shortages at stations, which is what we DON’T want to happen,” the organization said. “Colonial Pipeline hopes to resume normal operations soon.”
Governor Ron DeSantis of Florida signed a similar executive order, with many Floridians noting that hoards of gas stations have already run out of fuel supply.
Florida update:
73% of Pensacola stns no gasoline
44% of Tallahassee stns no gasoline
15% of Gainesville stns no gasoline
Rest of FL looking good— Patrick De Haan (@GasBuddyGuy) May 12, 2021
Though the southern portion of Florida doesn’t receive gas from the Colonial Pipeline (it receives fuel from barges shipped into ports), panic buying and hoarding of supplies could cause outages and inflation statewide.
Governor Brian Kemp of Georgia has also declared an emergency, noting that he has suspended the gas tax in his state.
Today I signed an executive order suspending the gas tax in Georgia to help with higher prices as a result of the Colonial cyber attack. We are working closely with Colonial and expect for them to recover by the end of the week. pic.twitter.com/evGLqwHs2X
— Governor Brian P. Kemp (@GovKemp) May 11, 2021
“We are taking action to relieve some of the cost burden from Georgians as Colonial recovers by suspending fuel taxes, increasing the weight limit for supply trucks, and prohibiting price gouging,” Kemp said.
On a national level, the U.S. Environmental Protection Agency issued an emergency waiver that is aimed to help prevent fuel shortages on the East Coast — namely Maryland, Pennsylvania, Virginia and D.C. — by waiving the ‘Reid vapor pressure requirements’ for gas being sold in select areas.
Energy Secretary Jennifer Granholm urged Americans affected to watch for price hikes.
“We expect that gas station owners are and should act responsibly,” she said. “We will have no tolerance for price gouging. Federal and state officials will be investigating those actions if they see price gouging.”
National gas prices jumped to an average of $3.008 per gallon as of Tuesday, May 12.
Related: North Carolina Declares State of Emergency as Residents Wait on Gas Lines for Hours
