Average gas price jumps 8 cents per gallon to $3.10

Local News

(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.

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