By — Associated Press Associated Press Leave a comment 0comments Share Copy URL https://www.pbs.org/newshour/economy/average-us-price-of-gas-jumps-8-cents-per-gallon-to-3-10 Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Average US price of gas jumps 8 cents per gallon to $3.10 Economy May 23, 2021 5:07 PM EDT CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks, to $3.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the increase is attributed to supply disruption from the 10-day shutdown of the Colonial Pipeline following a cyberattack, and a rise in prices for corn, a key ingredient in corn-based ethanol that must be blended by refiners into gasoline. The price at the pump is $1.05 higher than it was a year ago. The highest average price in the nation right now is $4.23 a gallon in the San Francisco Bay Area. The lowest average is $2.53 in Houston. The average price of diesel is up 6 cents over the same period, to $3.22. Colonial, which supplies about 45% of the fuel consumed on the East Coast, said that after it learned of the May 7 ransomware attack, it took its pipeline system offline in order to restart operations quickly and safely. The shutdown led to panic buying of gasoline in many communities. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Associated Press Associated Press
CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks, to $3.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the increase is attributed to supply disruption from the 10-day shutdown of the Colonial Pipeline following a cyberattack, and a rise in prices for corn, a key ingredient in corn-based ethanol that must be blended by refiners into gasoline. The price at the pump is $1.05 higher than it was a year ago. The highest average price in the nation right now is $4.23 a gallon in the San Francisco Bay Area. The lowest average is $2.53 in Houston. The average price of diesel is up 6 cents over the same period, to $3.22. Colonial, which supplies about 45% of the fuel consumed on the East Coast, said that after it learned of the May 7 ransomware attack, it took its pipeline system offline in order to restart operations quickly and safely. The shutdown led to panic buying of gasoline in many communities. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now