Canada Diesel Prices Continue Drop, U.S. Lowest Since 2009

LONDON, ON and WASHINGTON D.C. – The national average cost of diesel in Canada has moved lower for the second straight week while in the U.S. it’s at the lowest level in more than six years.

The $0.015 drop from the week before to $1.047 per liter in Canada is the lowest price in three weeks, as prices declined in all of the four main regions, according to the petroleum information services provider The Kent Group.

It ranges from an average of $1.018 per liter in Ontario to a high of $1.122 in Quebec.

This latest drop has pushed trucking’s main fuel down $0.257 per liter less that in was compared to this same week last year.

In the U.S. the average retail price fell US$0.037 from a week ago to US$2.445 per gallon, its lowest level since June 2009, according to the U.S. Energy Department’s Energy Information Administration.

Compared to this week last year the average cost is down US$1.183 per gallon.

Meantime, the average price of regular grade gasoline in the U.S. also declined from last week, shedding US$0.084 and hitting $2.094, its lowest level in several years.

According to Tom Kloza of the Oil Price Information Service, just a few days ago, more than half of the fuel stations in the U.S. had gasoline priced below US$2.00 per gallon.

Back in Canada, the average cost of regular grade gasoline fell for the second straight week to its lowest level since mid-February, as it declined $0.012 from last week to $1.036 per liter.

With this latest drop, the average cost is down $0.108 per liter from this same time in 2014.

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