Mark Szakonyi, Associate Editor | Mar 19, 2012 4:34PM EDT
Diesel prices across the U.S. hit the highest point since August 2008, rising 1.9 cents in the week ending March 19 as oil prices rose to more than $107 per barrel.
Diesel prices increased to $4.142 a gallon, the highest price since the week ending Aug. 25, 2008. The average price is 2.6 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 5 cents to $4.119 per gallon. Prices rose in all regions except for California, where the diesel price per gallon stayed flat at $4.481.
Crude oil for April delivery rose 53 cents to $107.59 a barrel on the New York Mercantile Exchange. The increase came amid reignited fears over Iran-caused supply chain disruptions and the weakening U.S. dollar.
Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @mszakonyi_joc.