Diesel Rises; Crude Reaches 30-Month High
National on-highway diesel prices climbed for the second week in a row, rising 4.4 cents to $3.976. The national average is up almost 96 cents from last year
National on-highway diesel prices climbed for the second week in a row, rising 4.4 cents to $3.976. The national average is up almost 96 cents from last year.
New England experienced the smallest cost increase at 1.4 cents; California prices rose the most, 6.7 cents, to $4.323, up $1.17 from last year.
Oil futures rose to the highest level in more than 30 months as Libyan rebels fought loyalists at an oil port, adding to concern that a protracted conflict in the Middle East and North Africa will curtail supply. Crude for May delivery added 53 cents to settle at $108.47 a barrel on the New York Mercantile Exchange. It was oil's highest settlement since Sept. 22, 2008, when it closed at $109.37 a barrel.
Oil prices have climbed 18 percent since the ouster of Tunisian President Zine El Abidine Ben Ali on Jan. 14, and prices are up 28 percent from a year ago.
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