After soaring to record highs last year, diesel prices have fallen significantly in recent months, which experts say could signal a slowdown economy.
A downturn in the trucking and rail industries is one of the reasons the price of diesel has fallen by about one-third in the last six months. Cheaper fuel prices could help cool the rate of inflation and provide some relief to consumers.
Many farmers are noticing the trend, especially as they work long hours in the seat of their tractors during spring seeding.
“There’s been a huge drop in diesel prices,” said Stephen Vandervalk, who receives diesel deliveries by the 52,000-litre truckload to
