Canadian, U.S. Fuel Prices Decline Slightly Over Past Week
LONDON, ON and WASHINGTON, D.C. –The average cost of diesel fuel in Canada this week has moved down slightly this week after a brief upturn last week, hitting its lowest level in nearly two months.
Figures released Tuesday by the petroleum information services provider The Kent Group Ltd. show its fallen $0.006 to $1.118 per liter, which is $0.229 less than the same time a year ago.
The average cost in small markets came in at $1.126 pre liter while it is $1.112 in large markets.
In the Atlantic section of Canada the average diesel price is $1.117 per liter, $1.182 in Quebec, $1.112 in Ontario and $1.11 in Western Canada.
Meantime, the average Canadian cost of regular grade gasoline posted a larger overall decline than diesel, falling $0.015 from last week to $1.206 per liter.
This marks the second straight weekly drop but is still the third highest weekly price so far this year.
This current average cost of the fuel $0.181 less than the same time in 2014.
The fuel averaged $1.112 in small markets and $1.095 in large markets while prices in the four different regions of the country varied from a low of $1.102 in Western Canada to as much as $1.206 in Quebec.
This happened as fuel prices in the U.S. also moved lower over the past week with the average cost for diesel falling for the fifth straight week, according to the country’s Energy Department.
It declined US$0.016 to US$2.843 per gallon. This is US$1.077 less than a year earlier while the fuel moved down US$0.056 cents during June.
The average U.S. cost of regular grade gasoline moved down US$0.011 cent over the past week to US$2.801 per gallon, still $0.903 less than the same time year ago.
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