Trucking News
Diesel prices surge to historic highs, hitting consumers harder than ever
· Source: Canadian Grocer
Diesel prices rose to historic levels over the past month, filtering through to all corners of the economy as shippers and consumers struggle to absorb the blow.
Retail diesel topped $2.64 per litre on average for the week ended Tuesday (Sept.
29), up 59% from right before the Iran war and 15% from November 2022, which held the price record until this year.
Supply disruptions caused by the closure of the Strait of Hormuz have shrunk energy output for seven months and counting, with the critical waterway effectively closed and many crude refineries slashing production.
Read the full story at Canadian Grocer.
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