Average US Gasoline Price Jumps 33 Cents to $4.71 Per Gallon

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Average US Gasoline Price Jumps 33 Cents to $4.71 Per Gallon
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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…

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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 best we can hope for is a slowdown in price growth, not so much a decline," says Kayla Bruun, economic analyst at Morning Consult. She joined LX News to explain how inflation affects you.

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