Average US gasoline price jumps 33 cents to $4.71 per gallon

  • The prices are dispalyed above the various grades of gasoline available at a Conoco station Saturday, May 21, 2022, in Denver.

    The prices are dispalyed above the various grades of gasoline available at a Conoco station Saturday, May 21, 2022, in Denver. Associated Press

 
 
Updated 5/22/2022 12:18 PM

CAMARILLO, Calif. -- The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump comes amid higher crude oil costs and tight gasoline supplies.

 

The average price at the pump is $1.61 higher than it was one year ago.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $6.20 per gallon. The lowest average is in Tulsa, Oklahoma, at $3.92 per gallon.

According to the survey, the average price of diesel rose 9 cents over two weeks, to $5.66 a gallon.

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