Diesel fuel pricing trends
SUMMARY: Rates of overseas shipments to North America showed declines in late 2022 confirming earlier predictions of a return to pre-pandemic consumer spending patterns and behaviors. Diesel fuel price trending down and 11 th hour legislative action averting a rail strike were good news for North American distributors and operators as 2022 ended.
On the road prices for Diesel fuel in Canada continued to decline as 2023 began, dipping below $1.50 (CA) per liter. (CheckPetrolPriceCA)
The US Energy Information Administration predicts Diesel prices to decline fall in 2023 upwards of 19% versus that experienced over the past year, though still well-above costs prior to 2022.
Q1 2023 Market Update
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