A gas pipeline running from Houston to New York had a break in Alabama over the weekend. My understanding is the owner has crews working to route around the problem. By the end of the week the flow should resume. Their second line for other fuels is apparently being used to help. The governor of my state declared a State Of Emergency in order to allow truck drivers to work beyond safe hours to ensure gas gets to places.
I hear of places running out of gas which I am sure fuels the panic. (Get it?) My guess is people scared of not being able to fuel up hit the gas stations over the weekend when the cars were at over half full. “Just in case.” In other words their panic caused a gas panic.
People’s fear of losing their money caused them to withdraw their cash out of banks caused banks to fail. People’s fear of not being able to get gas caused the fuel panics of the 70s. This is no where near that bad if the reports are correct. Just stay calm. Drive a little less. And get a hybrid.