Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Manitoba Battles Unprecedented Wildfires Amid Second State of Emergency


Manitoba Declares Second Provincewide Emergency as Wildfires Escalate

For the second time this year, Manitoba has declared a provincewide state of emergency in response to a surge in wildfires threatening northern communities. The declaration, effective as of Thursday, comes after more than one million hectares have burned—ten times the province’s 20-year average.

The crisis has forced the evacuation of approximately 12,600 residents, with communities like Garden Hill Anisininew Nation and Snow Lake issuing mandatory evacuation orders. The Canadian Armed Forces deployed a Hercules transport plane to assist in evacuating Garden Hill, a remote fly-in community located 475 kilometres northeast of Winnipeg.

To accommodate evacuees, the province is utilizing Winnipeg’s RBC Convention Centre, emergency shelters, and local arenas. However, concerns have been raised about the suitability of congregate shelters for elders and those with medical needs. Premier Wab Kinew assured that hotel rooms will be prioritized for vulnerable individuals.

“This is a wildfire season that’s setting records in all the wrong ways,” Kinew said, urging Manitobans to support those displaced by the fires. Officials noted that lightning strikes have fueled the resurgence of fires, with 105 active wildfires currently burning across the province.

As Manitoba braces for continued challenges, the government is coordinating with other provinces and international partners, including firefighters from Mexico, New Zealand, and Minnesota, to combat the blazes.



Labels:

Comments

Post a Comment