(AP/WFXR) — 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.
Meanwhile, AAA says the average cost for a regular gallon of gas in Virginia is $2.94.
As for the cheapest gas prices in our area, GasBuddy.com says New River Valley gas is as low as $2.69 in Blacksburg, gas can be found in the Roanoke area as low as $2.64, and Lynchburg gas prices are as low as $2.69.