Diesel prices continue to climb since before the war in Iran.
While last week’s spike was by more than 50 cents, this week diesel’s average price per gallon rose by just over 21 cents from $4.859 to $5.071, according to the United States Energy Information Association’s weekly report.
All reporting regions for the second straight week experienced double-digit increases.
The price of Brent crude, the international benchmark, briefly surged to $119.50 per barrel on Monday — its highest level since the summer after Russia invaded Ukraine in 2022. West Texas Intermediate, which is produced in the U.S., also soared to $119.48 per barrel at one point. But those prices fell to under $90 late Monday, as markets made significant reversals after Trump told CBS News he thinks “the war is very complete.”
Still, that’s much higher than the roughly $70 a barrel crude was selling for before the U.S. and Israel launched the war against Iran on Feb. 28, according to an Associated Press report.
The highest increase came from the Rocky Mountain Region which climbed nearly 40 cents per gallon from $4.397 to $4.796 with the California Region reporting an increase of just over 33 cents per gallon from $6.096 to $6.428. Meanwhile, the West Coast Region went up by exactly 30 cents per gallon over the last week from $5.556 to $5.856.
Bruce Guthrie is an award-winning journalist who has lived in three states including Arkansas, Missouri and Georgia. During his nearly 20-year career, Bruce has served as managing editor and sports editor for numerous publications. He and his wife, Dana, who is also a journalist, are based in Carrollton, Georgia.
