LONDON, ON and WASHINGTON, D.C — The national average price of diesel fuel is showing no signs of stopping its recent string of declines while hitting its lowest point in years.

Trucking’s main fuel fell $0.011 from a week ago to $1.05 per liter, the eighth consecutive weekly drop and the lowest price since November 2010, according to the petroleum information services provider The Kent Group. 

Compared to this week in 2014 the price $0.247 less per liter.

Across the four main regions of Canada this week the average cost of diesel in the Atlantic Provinces registered $1.03 while it is $1.103 in Quebec, $1.026 in Ontario and $1.064 in the Western Provinces.

In contrast, the average cost of regular grade gasoline turned higher by $0.043 over the past week, hitting $1.188 per litter, after falling for four straight weeks.

This is its highest price since the week of July 21 but is still down $0.125 cents from this week last year.

Regional prices registered an average of $1.112 in the Atlantic Provinces, $1.195 in Quebec, $1.126 in Ontario and $1.243 in the Western Provinces.

South of the border, the average cost of diesel posted its twelfth consecutive weekly decline, falling just US$0.002 from last week and hitting US$2.615 per gallon, according to the country’s Energy Department.

This is the lowest level since October 2009 and is US$1.22 per gallon less that compared to this week in 2014.

As in Canada, regular grade gasoline also reversed course, jumping US$0.087 over the past week for an average of US$2.716 per gallon. Much of this was due to a more than US$0.30 spike in the average Midwest cost, following the shutdown of a refinery in the region for up to a month due to problems.

Despite the overall increase, regular grade gasoline in the U.S. is US$0.756 less than this time last year.

Lower fuel prices are all due to steep declines in the cost of crude oil, with it hitting its lowest level in around six years, while many expect prices to remain low at least into part of next year, as an oversupply on the worldwide market is expected to continue.