watch live
toggle menu
Infrastructure

Average Price Of Gas Spikes To $3.44 Per Gallon In The U.S.

The price of oil has passed $85 a barrel for the first time since 2014 and it has jumped 13% this month alone.

Average Price Of Gas Spikes To $3.44 Per Gallon In The U.S.
Ted S. Warren / AP
By AP
SMS
October 25, 2021

The average U.S. price of regular-grade gasoline spiked 13 cents over the past two weeks, to $3.44 per gallon. The price at the pump is $1.22 higher than a year ago.

Pump jacks operating at the Inglewood Oil Field in Los Angeles, California.

California Regulators Propose Location Ban On Oil And Gas Drilling

The proposal would ban new drilling within 3,200 feet of schools, homes and hospitals but would not ban drills that are already in place.

LEARN MORE

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the rise comes as the cost of crude oil surges.

Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.65 per gallon. The lowest average is in Houston, at $2.91 per gallon.

According to the survey, the average price of diesel jumped 14 cents to $3.59 a gallon.

Additional reporting by The Associated Press.