Diesel Prices Continue Decline, Canadian Crude Tumbles
LONDON, ON and WASHINGTON, D.C. -- Fuel prices continue falling, returning to levels seen earlier in the year while also hitting their lowest price in several years south of the border, according to figures released this week. The petroleum information services provider The Kent Group reports average Canadian cost of diesel shed another $0.006 this week, hitting $1.086 per liter. This marks its sixth consecutive weekly drop and is at its lowest level since early February. Compared to this week a year ago the average cost of diesel is down $0.212. Prices are varied across the country, averaging $1.14 per liter in the Atlantic Provinces, $1.226 in Quebec, $1.166 in Ontario and $1.16 in the Western Provinces. This happened as national average cost of regular grade gasoline fell $0.008 over the past week to $1.176 per liter, the third straight weekly decline and its lowest price since last May.