CNS Canada –– The price of diesel has fallen to the same level as gasoline across Western Canada, but a Chicago-based analyst doesn’t expect it to stay that way for too long. “Probably after the Fourth of July, late July and August the prices may start to edge up,” said Phil Flynn, energy market analyst […] Read more
Diesel prices seen staying low until July
Diesel prices expected to see pressure in second quarter
CNS Canada — The spring thaw may bring lower diesel prices to farmers in North America, according to a New Jersey-based oil expert. “A lot of new refining, worldwide, is coming on for diesel,” said Tom Kloza, chief oil analyst at the Oil Price Information Service. Compared to other fuels such as gasoline or jet […] Read more
Regulatory requirements seen keeping diesel prices high
CNS Canada — Diesel prices in North America aren’t likely to come down to the levels of gasoline anytime soon, according to an analyst. “It’s probably going to trade at a premium to gasoline for some time,” said Phil Flynn, energy market analyst for Price Futures Group in Chicago. One of the main challenges facing […] Read more
Diesel prices to soften in January, analyst says
CNS Canada — Prices for diesel are expected to come down to between $1 to $1.10 per litre across Canada by early to mid-January, according to an oil analyst. Prices for regular gasoline sank weeks ago, shortly after crude oil plunged on the world market. Diesel, however, remained staggeringly high and is still listed at […] Read more
Drop in oil values a double-edged sword for Canadian ag
CNS Canada — As oil prices plunge across North America, the impact on Canadian farmers is starting to be felt in several conflicting, but noticeable ways, according to Prairie farm leaders and market-watchers. As of Friday afternoon the price of oil had fallen to just above C$66 a barrel, with some analysts predicting it would […] Read more
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