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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’s Gaza City Offensive Sparks Global Outcry Amid Hostage and Humanitarian Concerns

 

                            Palestinians walk along a street near war-damaged buildings in Gaza City on Friday.                

Israel’s security cabinet has approved a controversial plan to seize control of Gaza City, intensifying its nearly two-year war with Hamas. The move, announced Friday, has drawn sharp international condemnation and raised fears over the fate of hostages and worsening humanitarian conditions in the besieged enclave.

Global Backlash
Leaders from the UK, Spain, Turkey, China, and Australia have urged Israel to reconsider. British Prime Minister Keir Starmer warned the offensive “will only bring more bloodshed,” while Turkey called it a “heavy blow” to peace and accused Israel of attempting to forcibly displace Palestinians. The UN’s human rights chief Volker Türk stated the plan “must be immediately halted,” citing violations of international law and the right of Palestinians to self-determination.

Humanitarian Crisis Deepens
Gaza City, once home to 700,000 people, now shelters hundreds of thousands of displaced Palestinians amid widespread famine and infrastructure collapse. Aid deliveries have been severely disrupted, and images of starving children have intensified calls for a ceasefire.

Hostage Dilemma
Israel’s push into Gaza City has sparked concern over the remaining 50 hostages held by Hamas, with only 20 believed to be alive. Families of hostages and former Israeli security officials have criticized the plan, fearing it could endanger lives and derail negotiations.

What’s Next?
Despite mounting pressure, Prime Minister Benjamin Netanyahu insists military action is necessary to dismantle Hamas and secure national security. However, critics argue that further escalation risks deepening the humanitarian catastrophe and undermining prospects for peace.


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