US gas prices jump 12 cents over 3 weeks to $2.38 a gallon

The hike mostly results from the gasoline market catching up

CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline has surged 12 cents nationally over the past three weeks, to $2.38 a gallon.

Industry analyst Trilby Lundberg said Sunday the hike mostly results from the gasoline market catching up with rising crude oil costs.

Lundberg says the current price is 33 cents a gallon above what it was one year ago.

Gas in San Francisco was the highest in the continental United States at $2.78 a gallon on average Friday. The low average was in Denver, at $2 a gallon.

The U.S. average diesel price is $2.56, up 8 cents from three weeks ago.

___

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s