In the aftermath of the attacks on Saudi oil, the U.S. average retail gasoline price jumped by more than 10 cents per gallon between September 16 and September 23—the largest weekly increase in gas prices since early September 2017, when in the wake of Hurricane Harvey gas prices jumped by 28 cents/gallon in one week, the EIA said on Wednesday. In its Gasoline and Diesel Fuel Update, EIA surveys retail gasoline and diesel fuel stations each Monday morning. Since U.S. gasoline prices tend to follow the movements of Brent Crude prices, it was reasonable to expect an increase in the U.S. prices at the pump, considering that on Monday, September 16, the first full day of trading after the attacks on Saudi oil infrastructure knocked 5.7 million bpd—or 5 percent of global oil supply—offline, Brent Crude prices jumped by $7.17 a barrel from the previous trading day, EIA said. […]