Oil Prices Soar Past $100 a Barrel Amid Middle East Attacks

The price of oil has surpassed $100 a barrel for the first time since July after a wave of attacks on oil facilities and ships in the Middle East.

Brent crude, the international standard, jumped nearly 3% to $100.72 early Wednesday, while U.S. benchmark crude gained 2.4% to $95.25 a barrel.

The average price for a gallon of regular gasoline ticked up 7 cents overnight to hit $4.22, now more than a dollar above what it cost at this point last year, according to AAA.

Diesel prices have reached an all-time high, with the average price for a gallon reaching $5.94 overnight and are 9 cents higher than they were on Friday.