Diesel prices across the United States increased at the sharpest pace in nearly three months in the week ending Feb. 6, rising 8.7 cents as hopes that Greece will secure a second bailout package pushed oil prices to a month-high.
The average $3.943 left the price up 40.9 cents from the same period a year ago, according to the U.S. Energy Information Administration. The ramp-up in price was the briskest since the week ending Nov. 14, when prices rose 10 cents.
The rise was the steepest in the Midwest, where prices rose 10.6 cents to $3.857. The East and West coasts joined California in seeing prices at or above the $4 a gallon mark.
Crude oil for March delivery rose $2.24 to $100.91 a barrel on the New York Mercantile Exchange. The price jump came after Greek lawmakers approved an austerity package that is needed to secure a second European Union bailout package for the ailing country.