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Commodities

Crude Oil Prices Soar Above $100 per Barrel Amid Ongoing Middle East Conflicts

Guavy AI Editorial Team
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Oil
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Crude oil prices have soared back above $100 per barrel due to ongoing attacks on energy infrastructure in Saudi Arabia, disruptions of ship traffic in the Strait of Hormuz, and the conflict between Russia and Ukraine.

The national average price for diesel is at an all-time high of $6.23 per gallon, while the Oregon average price for diesel is at $6.67 per gallon.

Gas prices are higher across all 50 states this week, with the national average price for regular gasoline jumping 18 cents to $4.33 a gallon and the Oregon average adding 10 cents to $5.12 a gallon.

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