Subscribe to Here’s the Deal, our politics
newsletter for analysis you won’t find anywhere else.
Thank you. Please check your inbox to confirm.
President Joe Biden’s 2023 State of the Union address
WATCH: Biden envisions hundreds of thousands more jobs to rebuild U.S. pride
By Associated Press
Live updates: State of the Union 2023
The state of our union, in 6 charts
By Jenna Cohen, Hannah Grabenstein, Joshua Barajas
By Justin Stabley
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.
Support Provided By: