Diesel Prices Drop in Canada, the U.S.

WASHINGTON, D.C.- The price of fuel has been dropping both in the U.S. and Canada, and that, for however long it might last, is good news for trucking companies.

According to new U.S. Energy Department figures, the average cost of on-highway diesel dropped 2.3 cents to $3.605 per gallon, its lowest since February 2011. It was the third week in a row that fuel prices dropped.

Diesel fuel prices hit their peak high this year at 145.7 cents per liter in late February to early March.

Evan MacKinnon, president of Guelph, ON-based MacKinnon Transport, told the Guelph Mercury that fuel surcharges have dropped about 15 percent over the past six months and that “it absolutely helps.”

Brian Kurtz, president of Brian Kurtz Trucking, agrees with MacKinnon that the lower fuel prices are most welcome, but he warns that there’s still been an upward trend.

Today’s diesel prices of 130.4 cents per liter, in other words, are not 2011’s 114.0 cents per liter.

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