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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 Weighs Iran Strike Amid Rising Tensions, Decision Expected Within Two Weeks



President Donald Trump is expected to decide within the next two weeks whether the United States will launch military strikes against Iran’s nuclear facilities, according to a statement from the White House on Thursday. The announcement comes amid escalating hostilities between Iran and Israel, with both nations exchanging missile attacks and targeting critical infrastructure.

White House Press Secretary Karoline Leavitt conveyed Trump’s message, stating that the president is leaving room for diplomacy but is prepared to act if necessary. “Based on the fact that there is a chance for substantial negotiations that may or may not take place with Iran in the near future, I will make my decision on whether or not to go within the next two weeks,” Trump said.

The president’s deliberation follows reports of Iranian missile strikes on Israeli cities, including a direct hit on Soroka Medical Center in Beersheba, which caused significant damage and injuries. In response, Israel has intensified its military campaign, targeting Iran’s nuclear infrastructure, including the Arak heavy water reactor.

Trump’s decision is expected to hinge on three key factors: the necessity of a strike, the risk of prolonged U.S. involvement in the Middle East, and the likelihood of successfully dismantling Iran’s nuclear capabilities. While diplomatic channels remain open, including potential talks in Geneva between Iran and European leaders, the administration has made it clear that any agreement must eliminate Iran’s ability to enrich uranium.

As the world watches closely, the next two weeks could determine whether the U.S. joins Israel in a broader military campaign or pursues a last-minute diplomatic breakthrough. Either path carries profound implications for regional stability and global security.

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