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.
