Diesel prices hang steady in West, for now

(Dave Bedard photo)

CNS Canada –– It doesn’t appear the gasoline shortage that has left many pumps across Western Canada dry will be spreading to the diesel sector, at least for now.

Fires in northern Alberta and problems at a refinery in Edmonton crimped available supplies of gas for many Prairie retailers this week.

While some Petro-Canada and Shell stations in Manitoba, Saskatchewan and Alberta have been forced to halt gasoline sales due to a lack of supplies, the diesel situation is better, according to Dan McTeague of GasBuddy.com.

“I think it’s steady as it goes. The Canadian shortage situation is going to be day-to-day, we need to hear from (Petro-Canada owner) Suncor in particular as to the extent of the shutdown… to get a better idea as to whether this will lead to higher prices,” he said.

The shortage of gasoline has sent prices shooting up 10 cents a litre across much of the Prairies.

McTeague said diesel prices are standing relatively pat for now, with the last increase occurring around May 9.

That tick upward in price should help soften any hikes that may be coming, he said.

“It’s been pretty much in the same range, hasn’t moved around much in the past couple of weeks,” he said.

He noted, however, that No. 2 ultra-low sulphur diesel (ULSD) moved up in trading Monday in U.S. markets, which could eventually impact prices up here.

— Dave Sims writes for Commodity News Service Canada, a Winnipeg company specializing in grain and commodity market reporting.

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