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Average US Price of Gas Jumps by 5 Cents over Past Two Weeks

'Yeah, this is going to happen. It will be more expensive this year than last year...'

(Headline USA) The average U.S. price of regular-grade gasoline jumped by 5 cents over the past two weeks, to $3.49 per gallon.

The price at the pump is $1.30 higher than a year ago.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the rise comes as the cost of crude oil and ethanol surges.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.77 per gallon.

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However, some anecdotal reports have indicated that gas has surged to as high as $8.50 a gallon in places.

The lowest average is in Houston, at $2.98 per gallon.

According to the survey, the average price of diesel jumped 8 cents to $3.67 a gallon. That price is also $1.30 higher than a year ago.

Despite the pain being felt at the pump, Energy Secretary Jennifer Granholm has repeatedly mocked those who have expressed alarm over the skyrocketing costs, and even appears to be leaning into them with the shutdown of another pipeline project.

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“Yeah, this is going to happen,” Granholm told CNN on Sunday. “It will be more expensive this year than last year.”

Adapted from reporting by the Associated Press

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