The cost of transporting trash to Michigan or shipping in heavy cargo from Europe continues to soar alongside the skyrocketing price of diesel fuel, which these days makes gasoline look like a bargain.
Some filling stations across the Greater Toronto Area yesterday were charging nearly $1.29 for a litre of diesel, a staple of the commercial transportation and shipping sectors and a fuel that is historically less expensive than gasoline.
Over the past 12 months, retail diesel prices have jumped 30 per cent, compared to just 10 per cent for gasoline. Since April 2005, when pump prices for the two fuels was the same, diesel has climbed 48 per cent compared to 36 per cent for gasoline.
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