Diesel Prices Continue Heading to Lower Levels

LONDON, ON and WASHINGTON, D.C. - It looks like diesel prices will end the year on a very much lower note in both Canada and the U.S. with continuing declines, making for the least expensive prices in several years. According to the petroleum information services provider The Kent Group, the national average cost of trucking's main fuel in Canada is down $0.017 from a week ago to $0.995 per liter. This is the sixth weekly drop and its lowest level since 2010. Compared to this time last year diesel is $0.199 cheaper. Prices fell Canada's four different regions and currently range from a low of $0.97 per liter in the Western Provinces to a high of $1.093 in Quebec. In the U.S., the story is also a continued drop for six straight weeks, with the average national cost falling US$0.054 from last week to US$2.284 per gallon, according to the U.S. Energy Department's Energy Information Administration.