No need to panic-buy gas in Arkansas during pipeline hack, experts say

An economist told us that you shouldn't panic-buy gasoline as the Colonial Pipeline remains closed after a hack.

Many Arkansans are buying large quantities of gas to stock up on what they believe is a potential gas shortage.

The Colonial Pipeline was down, causing many states on the east coast to experience a gas shortage. However, the pipeline doesn’t supply Arkansas, so the state won’t be affected by the Colonial Pipeline’s shortage.

“Well there’s really no need to panic,” said Dr. Michael Pakko, a local economist.

“Don’t go out and panic-buy, fill up all your gas tanks, and canisters in the fear that there will be a fuel shortage. That’s simply not in the cards.”

What Arkansas is experiencing, however, is increases in fuel prices.


Read the original story on the Channel 11 website here.