Average US gas price spikes 10 cents over 2 weeks to $3.64

The Associated Press

Updated: Feb 27, 2022 / 04:36 PM CST

(Getty images)

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CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of regular-grade gasoline spiked 10 cents over the past two weeks to $3.64 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price jump came after a rise in crude oil costs amid global supply concerns following Russia’s invasion of Ukraine. Lundberg said further increases are likely.

The price at the pump is about a dollar higher than it was a year ago.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.86 per gallon. The lowest average is in Houston, at $3.14 per gallon.

According to the survey, the average price of diesel is $4.02 a gallon, up 12 cents over two weeks.