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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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Trump Declares 'Golden Age' for America in Inaugural Address

 

In a historic return to the White House, President Donald Trump declared the beginning of a "Golden Age" for the United States during his inaugural address on January 20, 2025. Speaking from the Capitol Rotunda, Trump outlined an ambitious agenda aimed at reversing what he described as the "horrible betrayal" of the previous administration.

Trump's speech was marked by a series of bold promises, including a commitment to end inflation, restore law and order, and reclaim American dominance on the global stage. He also announced the dismissal of several senior officials appointed by his predecessor, Joe Biden, and hinted at further removals to come.

The president's address was a mix of optimism and critique, as he painted a picture of a nation in decline but poised for a resurgence under his leadership. "From this moment on, America’s decline is over," Trump declared, emphasizing his intent to put America first and restore the country's prosperity and respect worldwide.

Trump's return to the presidency has been met with both support and controversy, as he continues to polarize the political landscape. However, his supporters remain hopeful that his promises will lead to a new era of national success.



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