News: Business Environment
HOT TOPIC: Gravel Haulers Protest Milton MTO Weigh Station VIDEO: How to Haul 800,000 lb. Generator Vessels
3 Comments Share
Diesel Prices Steadily Climb Toward Record High

TORONTO, ON — The Canadian average weekly rack price for diesel once again increased this week to 103.7-cents per liter, more than a full penny above last week’s six year-high, according to the Ontario Trucking Association (OTA).

Diesel rack prices surpassed the 100-cent mark recently, reaching the highest they’ve been since mid-2008. And the upwards trend is likely going to continue, the OTA stated. 

Across Canada, the national average for January was up 12.5 percent on a year over year basis. When broken down weekly, the first five weeks of 2014 have shown a steady increase.

The Canadian average is calculated from the averages of the following locations: Charlottetown, Saint John, Halifax, Quebec City, Montreal, Maitland, Ottawa, Toronto, Hamilton, London, Sarnia, Nanticoke, Thunder Bay, Sault Ste. Marie, Winnipeg, Regina, Calgary, Edmonton, Kamloops, Vancouver and Nanaimo.

The province of Ontario is not spared from the price increases, either. Average diesel rack prices in Ontario increased this week to 102.2-cents a liter, up from last week’s 101.1 cents per litre before tax.

“If this early trend continues, there could be new record highs in early 2014. Already, the Ontario average in January 2014 showed a 9.3-percent year over year hike from January 2013,” the OTA stated.

What's more, for the first time this year, all nine locations which OTA monitors in Ontario (Maitland, Ottawa, Toronto, Hamilton, London, Sarnia, Nanticoke, Thunder Bay, and Sault Ste. Marie) are all above the $1 per-litre mark (before tax).

 
Email Editor     Comment Below
Rate this Article!
Filed Under: diesel trucking cost
We Recommend:
Popular this Week:
ADVERTISEMENT
ADVERTISEMENT
Social Activity


(optional)

(optional)

(optional)

Notify me of other comments on this story (requires email and password)


* Please type the letters above exactly as they appear:  

Please Note:

While we value your feedback, please avoid profane or personal attacks. You should know that if your comment contains libelous, prejudicial or just plain wrong statements, it will be deleted.

Anonymous

Rating
2
2
0
Diesel prices climb! Of the four 'w' questions (what, when, where...) article fails to address the most important question of all...WHY ?????

wt

Rating
3
5
2
It is well over $1.50 in PEI

Anonymous

Rating
3
6
3
Diesel prices in Edmonton on Feb 4 were $1.359/litre

Report Abuse

Video Reel