Personal Finance

Average U.S. Gasoline Price Jumps 15 Cents To $4.38 Per Gallon

The nationwide average is 5 cents below the highest price in history — $4.43, set on March 11.

Average U.S. Gasoline Price Jumps 15 Cents To $4.38 Per Gallon
Nam Y. Huh / AP
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The average U.S. price of regular-grade gasoline jumped 15 cents over the past two weeks to $4.38 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the current price sits just a nickel below the highest average price in history — $4.43, set on March 11.

Price Of Beef Increasing, Nearly Unaffordable For Many Americans
Price Of Beef Increasing, Nearly Unaffordable For Many Americans

Price Of Beef Increasing, Nearly Unaffordable For Many Americans

Industry reports show these days, price-sensitive shoppers are buying less fresh meat and more frozen and canned foods for dinner.

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The average price at the pump is $1.36 higher than it was one year ago. Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $5.85 per gallon. The lowest average is in Tulsa, Oklahoma, at $3.80 per gallon.

According to the survey, the average price of diesel soared 43 cents over two weeks to $5.58 a gallon.

Additional reporting by The Associated Press.