US EditionDiesel prices could remain high for months — and hit consumers harder than gas costs
Natural Resources Canada said wholesale diesel stayed more than 55% above pre-war levels as shipping disruptions and refinery cutbacks tighten supply.
- On Thursday, national diesel prices reached an average of $5.689 per gallon, nearing the record high, as gas prices climbed to $4.166 nationally.
- Rising fuel costs stem from volatile trade routes and the Strait of Hormuz closure, though Iran agreed to a two-week ceasefire with the United States and Israel on Tuesday.
- Mike Millian, President of the Private Motor Truck Council of Canada, reported that shipping a load from Toronto to Montreal now costs $300 more than six weeks ago.
- Gary Sands, Senior Vice-President at the Canadian Federation of Independent Grocers, noted that businesses must pass on 10% to 15% cost increases to consumers to remain viable.
- Wholesale diesel prices remain more than 55% above pre-war levels, and experts warn elevated fuel costs will keep consumer prices for groceries and garments high for months.
39 Articles
39 Articles
Bowen Island Undercurrent
High diesel prices could hit consumers harder than gas costs — for months
MONTREAL — High diesel prices continue to ripple through the economy and put pressure on consumers — with no end in close sight — even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.
Diesel Prices Could Remain High for Months—and Hit Consumers Harder Than Gas Costs
High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities. The average wholesale price of diesel remained more than 55 percent above pre-war levels in recent days, according to Natural Resources Canada data, despite the U.S. announcement of a two-week pause in hostilities with Iran on Tuesday. While diesel prices are expected …
castanet.net
National ObserverDiesel prices could remain high for months and hit consumers harder than gas costs
MONTREAL — High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.
The Toronto Star
Diesel prices could remain high for months — and hit consumers harder than gas costs
MONTREAL - High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief
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