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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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Tragedy Strikes: Death Toll Rises to Five in Magdeburg Christmas Market Attack

 

The death toll from the horrific car attack at the Christmas market in Magdeburg has risen to five, with over 200 people injured. The attack, which occurred on Friday evening, has left the city in mourning and prompted an extensive police operation.

Authorities have arrested a 50-year-old Saudi doctor, identified as Taleb A., who has lived in Germany for nearly two decades. The suspect, who is a specialist in psychiatry and psychotherapy, was taken into custody shortly after the incident. German Chancellor Olaf Scholz and Interior Minister Nancy Faeser have both expressed their condolences and assured the public that every effort is being made to support the victims and their families.

The attack has shaken the community, especially coming just days before Christmas. Mourners have gathered near the market, leaving candles and flowers in memory of the victims. The suspect has been described as having Islamophobic views, and authorities are investigating his motives.

As the investigation continues, the city remains on high alert, with additional security measures being implemented at other holiday markets across Germany. The thoughts and prayers of people around the world are with the victims and their loved ones during this difficult time.




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