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Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
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Rebels Advance on Homs and Damascus as Assad's Forces Struggle to Hold Ground

 

Syrian rebels have intensified their assault on key cities, capturing Hama and advancing towards Homs and Damascus. The rapid rebel advance has caught government forces off guard, leading to a significant repositioning of troops to defend these strategic locations.

In recent days, rebels have seized control of several major cities, including Aleppo in the north and Hama in the center. The capture of Homs, Syria's third-largest city, would be a major blow to President Bashar al-Assad's regime. Thousands of residents have fled the advancing conflict zones, seeking safety in less volatile areas.

The Syrian military has launched airstrikes on rebel positions and sent reinforcements to fortify Homs. However, the rebels remain undeterred, claiming to control most of the south and advancing to within 50 kilometers of Damascus.

The international community watches closely as the situation unfolds, with concerns over regional stability and the potential for further escalation. The conflict, which began in 2011 as an uprising against Assad's rule, has already caused significant humanitarian crises and drawn in various external powers.

As the rebels continue their push, the future of Syria hangs in the balance, with the potential for significant shifts in power and territory.




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