Average US price of gas jumps 8 cents per gallon to $3.10

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<p>CAMARILLO, Calif. &mdash; The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks, to $3.10 per gallon. </p>
<p>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. </p>
<p>The price at the pump is $1.05 higher than it was a year ago. </p>
<p>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. </p>
<p>The average price of diesel is up 6 cents over the same period, to $3.22. </p>
<p>Colonial, which supplies about 45% of the fuel consumed on the East Coast, said that after it learned of the May 7 ransomware attack, it took its pipeline system offline in order to restart operations quickly and safely. The shutdown led to panic buying of gasoline in many communities.</p>

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