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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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Ontario Premier Ford's Bold Stance Amid U.S. Tariff Tensions

Ontario Premier Doug Ford has issued a strong warning in response to the United States' decision to impose sweeping tariffs on Canadian goods. Speaking at a mining convention in Toronto, Ford threatened to cut off electricity exports to U.S. states like New York, Michigan, and Minnesota if the tariffs proceed. Ontario is a significant electricity supplier to these regions, and Ford emphasized the potential impact of such a move, stating, "They rely on our energy. They need to feel the pain".

The tariffs, announced by U.S. President Donald Trump, include a 25% levy on Canadian goods and a 10% tariff on energy exports. In retaliation, Ford has also proposed additional measures, such as implementing surcharges on energy exports and urging Ontarians to prioritize locally made products. The Premier's remarks come as Canada braces for the economic fallout, with federal and provincial governments preparing coordinated responses to protect industries and workers.

Prime Minister Justin Trudeau has announced retaliatory tariffs targeting billions of dollars in U.S. exports, signaling Canada's firm stance against the trade measures. As tensions escalate, the situation underscores the interconnectedness of the two nations' economies and the potential consequences of a trade war.

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