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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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Israel Sends Delegation to Qatar for Ceasefire Talks as Netanyahu Heads to Washington

In a significant diplomatic move, Israel dispatched a delegation to Qatar on Sunday to engage in indirect negotiations with Hamas over a potential ceasefire and hostage release deal in Gaza. The talks come just hours before Prime Minister Benjamin Netanyahu is scheduled to meet U.S. President Donald Trump in Washington.

The Israeli government confirmed the delegation’s departure despite labeling Hamas’s proposed amendments to a U.S.-backed ceasefire plan as “unacceptable.” The plan, which includes a 60-day truce and the staggered release of hostages, has been met with cautious optimism by Hamas, which responded “in a positive spirit” but requested key changes regarding humanitarian aid, Israeli troop withdrawal, and long-term conflict resolution.

Public pressure is mounting on Netanyahu to secure a deal, with large demonstrations erupting in Tel Aviv demanding the return of approximately 50 hostages still held in Gaza. Meanwhile, internal divisions persist within Netanyahu’s coalition, with some hardline ministers opposing any agreement that falls short of Hamas’s total disarmament.

The outcome of the Qatar talks and Netanyahu’s meeting in Washington could prove pivotal in determining whether a path toward de-escalation in Gaza is achievable—or if the conflict will continue to grind on.

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