Diesel prices across the U.S. hit a 33-month high in the week ending March 26, climbing half a cent as oil prices rose to nearly $107 per barrel, Journal of Commerce reports. Diesel prices increased to $4.147 a gallon, the highest price since the week ending Aug. 18, 2008. The average price is 2.1 cents higher than the same period a year ago, according to the U.S. Energy Information Administration.
The rise was the steepest in the Rocky Mountain region, where prices rose 1.7 cents to $4.136 per gallon. Prices inched up in all regions, except in California, where prices fell half a cent to $4.476 a gallon.
Crude oil for May delivery rose $1.52 to $106.87 a barrel on the New York Mercantile Exchange. The increase came amid news that some buyers have halted or curbed imports of Iranian oil because of Westernsanctions.
The rise was the steepest in the Rocky Mountain region, where prices rose 1.7 cents to $4.136 per gallon. Prices inched up in all regions, except in California, where prices fell half a cent to $4.476 a gallon.
Crude oil for May delivery rose $1.52 to $106.87 a barrel on the New York Mercantile Exchange. The increase came amid news that some buyers have halted or curbed imports of Iranian oil because of Westernsanctions.