Gas prices climb as critical Colonial Pipeline remains mostly closed after cyberattack

Gasoline prices have spiked as most of a major oil pipeline that carries more than 100 million gallons of fuel from Texas to New Jersey each day remains closed, the American Automobile Association said Monday.

AAA said in a statement that the national gas price average jumped six cents to $2.96 on the week. If prices rise three more cents, the national average would be the highest since November 2014, AAA said. And AAA said it expects gas prices to continue to climb this week due to the shutdown of Colonial Pipeline, which closed operations Friday after it was hit by a cyberattack.