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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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Russia Warns NATO and EU: Any Aggression Will Trigger ‘Decisive Response’

Russia's Foreign Minister Sergey Lavrov addresses the 80th United Nations General Assembly (UNGA), at the U.N. headquarters in New York City, U.S., September 27, 2025.

Russian Foreign Minister Sergey Lavrov issued a stark warning at the United Nations General Assembly, declaring that any act of aggression against Russia would be met with a “decisive response.” His remarks come amid heightened tensions between Moscow and NATO following a series of airspace incidents in Eastern Europe.

Lavrov dismissed claims that Russia intends to attack NATO or EU countries, insisting that Moscow has “never had and does not have such intentions.” However, he cautioned that attempts to down Russian aircraft or breach its sovereignty would be considered serious violations.

The warning follows reports of Russian fighter jets entering Estonian airspace and drones being intercepted over Poland, incidents that have alarmed European leaders. NATO has vowed to defend its territory against further incursions, while the United States reaffirmed its commitment to protecting “every inch” of alliance soil.

Lavrov also criticized what he described as “militaristic rhetoric” from Western leaders, while leaving the door open for dialogue with Washington. Despite the ongoing war in Ukraine, he emphasized that Russia remains open to “frank discussions” with the United States on diplomatic and security issues.


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