Panic Stricken Gas Buying Makes Problem Worse

The shutdown of a major pipeline that serves the eastern-half of the United States has caused an increase in demand at the fuel pump.  But experts say panic-buying of gasoline will only exacerbate the problem.

On Tuesday morning, more than 7 percent of gas stations in Virginia, 5 percent in North Carolina and nearly 4 percent in Georgia were without fuel, according to Patrick De Haan, an oil analyst at Gas Buddy. A number of stations in Florida, Alabama and South Carolina also reported dry pumps. De Haan said fuel demand in these states spiked 40 percent on Monday, and cautioned against panic-buying, which will only exacerbate the shortages.

Reports of gas stations running low or running out of gas came in across Northwest Georgia on Tuesday afternoon.

The Colonial Pipeline is responsible for about 45% of the fuel on the East Coast, but experts say with plans to start the pipeline back up before the weekend, panic buying of gasoline is simply an over reaction and does not help the situation.