The effect of the Colonial Pipeline shutdown on gasoline prices

C-Tier
Journal: Economics Letters
Year: 2021
Volume: 209
Issue: C

Authors (2)

Tsvetanov, Tsvetan (University of Kansas) Slaria, Srishti (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

On May 7, 2021, the Colonial Pipeline system was shut down for 6 days in response to a cyberattack. Using daily regular gasoline price data at the city level and employing a difference-in-differences approach to address potential demand-side confounding factors, we find that the shutdown led to a 4 cents-per-gallon increase in average gasoline prices in affected areas, with the estimated impact varying across locations based on their access to alternative means of fuel supply. Although the overall effect was initially slow, it persisted even after the reopening of the pipeline.

Technical Details

RePEc Handle
repec:eee:ecolet:v:209:y:2021:i:c:s0165176521003992
Journal Field
General
Author Count
2
Added to Database
2026-01-29