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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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Your daily horoscope: June 20, 2025

 

IF TODAY IS YOUR BIRTHDAY

You will achieve much more over the coming year if you resist the urge to be imperious and take a more democratic approach to decision-making both at home and at work. You know a lot but you cannot possibly know everything, so listen to advice.

Aries (March 21 - April 20):

Set your own goals today and don’t let anyone talk you into lowering them to a level that is too easy for you. As an Aries you like to be challenged because it allows you to show what you can do – and prove you are better than your rivals.

Taurus (April 21 - May 21):

A new cycle is about to begin and the good news is it will be one in which you get the chance to expand your outlook on life and reach for objectives you previously believed were beyond you. Set your sights high, then keep going higher.

Gemini (May 22 - June 21):

The stresses and strains of everyday living have taken their toll in recent weeks, so promise yourself that you won’t do anything too challenging today and over the weekend. Even a livewire Gemini needs to slow things down once in a while.

Cancer (June 22 - July 23):

You found it hard to get your own way in recent weeks but as the sun is about to move into your sign opposition to your plans will fade and friends and colleagues will actually be supportive for a change. You have much to look forward to.

Leo (July 24 - Aug. 23):

You may think you have to work harder than ever to earn the respect of partners and colleagues but that isn’t true at all. Most of them already think you are wonderful, so sit back and enjoy the well-deserved adulation.

Virgo (Aug. 24 - Sept. 23):

The sun’s change of signs tomorrow means you will find it remarkably easy to win others round to your way of thinking and acting. With Jupiter and Mars on your side as well you are going to be doing great things over the next few weeks.

Libra (Sept. 24 - Oct. 23):

When dealing with official matters of any kind today you must check the small print carefully, because if you miss something important others won’t be inclined to give you a second bite at the cherry. Aim to get it right the first time.

Scorpio (Oct. 24 - Nov. 22):

A wonderful new phase is about to begin, so strap yourself in and get ready for the ride of your life! With the sun, Mars and Jupiter all on your side there really is no limit to what you can accomplish. Love is in the air as well.

Sagittarius (Nov. 23 - Dec. 21):

By all means aim high today and over the weekend but don’t set yourself the kind of targets that even a Sagittarius might struggle to reach. If you fail to remind yourself that you are human now an unexpected event will remind you later on.

Capricorn (Dec. 22 - Jan. 20):

With so much cosmic activity taking place in the opposite half of your chart you have to accept that in most situations you won’t be calling the shots. The good news is you don’t have to as those making the decisions are very much on your side.

Aquarius (Jan. 21 - Feb. 19):

If you find yourself at odds with someone you live or work with today don’t turn it into a battle of wills or the sort of winner-takes-all situation that inevitably leaves one side feeling unhappy. Focus on areas where you still mainly agree.

Pisces (Feb. 20 - Mar. 20):

With the sun about to move into the most dynamic and creative area of your chart all your senses will be on alert and all your dreams will start to come true. Once you realize you can do no wrong you will want to do everything.

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