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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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Washington Stresses Greenland’s Autonomy Amid Alleged Influence Efforts

 

Mark Stroh, the top U.S. diplomat in Denmark, arrives at the Ministry of Foreign Affairs in Copenhagen in Wednesday.


The United States has reiterated its support for Greenland’s right to decide its own future following Danish intelligence reports alleging that private U.S. citizens attempted to sway political sentiment in the Arctic territory.

Chargé d’Affaires Mark Stroh met with Danish and Greenlandic officials in Copenhagen after Denmark summoned him in response to a report by public broadcaster DR. The report claimed at least three Americans with ties to former President Donald Trump were suspected of promoting opposition to Danish rule in an effort to encourage Greenland’s secession.

In a statement, the U.S. State Department emphasized that Washington “respects the right of the people of Greenland to determine their own future” and noted that the U.S. government does not control the actions of private citizens.

Greenland, a semi-autonomous territory within the Kingdom of Denmark, retains the legal right to declare independence. Its Prime Minister Jens-Frederik Nielsen underscored expectations that “international law and sovereignty will be respected”.

The allegations come amid heightened geopolitical interest in Greenland’s strategic location and mineral resources, with past U.S. administrations openly expressing interest in acquiring the territory.

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