Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Biden Administration Faces Rising Pressure to Ease Gasoline Shortages From Hack
Posted
May 11, 2021
Views
903
Likes
17
Comments
17
Engagement
May 11, 2021
903
17
17
3.77%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:40Now PlayingThe Biden administration moved Tuesday to ease gasoline shortages caused by a ransomware attack on the nation’s largest pipeline network, as concerns grew that spiking fuel prices and supply disruptions could hinder travel while the nation recovers from the Covid pandemic.
The Environmental Protection Agency waived gasoline volatility requirements in three Mid-Atlantic states and Washington, D.C., to bring more fuel to an area normally well supplied by the Colonial Pipeline. Hours later, the Department of Transportation announced steps that could lead to a waiving of the 101-year-old Jones Act to permit foreign tankers to transport gasoline and diesel to East Coast ports.
The actions are among several President Joe Biden can take to blunt the potential political fallout from fuel shortages and rising prices at the pump just as he’s trying to jump start the economy after the worst pandemic in a century.
“We’re going to move in lightning speed,” Homeland Security Secretary Alejandro Mayorkas said at a White House briefing.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
