Diesel prices are expected to rise significantly this week, according to an expert. Canadians for Affordable Energy president Dan McTeague says prices for diesel are expected to go up seven cents per litre on Wednesday and another 11 cents on Thursday. “Setting records for the fuel that runs the economy - and it’s happening before the seasonal spike in demand in fall, winter & early spring,” McTeague said on X. According to McTeague’s forecast, this would bring the price of diesel up to $2.34/L on Wednesday and then to $2.45/L on Thursday. McTeague says these prices would put Canada “in territory we have never experienced for diesel.” “Diesel is our economic workhorse. No trains, no planes, no transport trucks, no municipal, vehicles, no agriculture, no mining, no forestry, the list goes on,” McTeague told CTV News Ottawa. The high prices, McTeague says, won’t be going anywhere soon. “We are looking at much higher prices for much longer,” he said. “The knock-on effect of which will be higher inflation and, a likelihood that, the price of everything is likely to jump even further than what it has.” Gas prices are also expected to go up two cents per litre on Thursday, up to $1.87/L. With files from CTV’s Dylan Dyson
