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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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Starmer and Trump Showcase Unity, Sidestep Contentious Issues in UK Visit

U.S. President Donald Trump and British Prime Minister Keir Starmer hold a press conference following their meeting at Chequers, near Aylesbury, Britain, September 18, 2025.

British Prime Minister Keir Starmer and U.S. President Donald Trump closed the latter’s unprecedented second state visit to the UK with a display of warmth and economic ambition, hailing a “renewed special relationship” while steering clear of divisive topics.

At Chequers, the leaders unveiled a record £150 billion ($205 billion) U.S. investment package into Britain — part of a wider £250 billion deal spanning technology, energy, and infrastructure. Major commitments include a tech pact with firms such as Microsoft, Nvidia, and OpenAI, alongside £100 billion from investment giant Blackstone. Starmer called the agreements “a signal of our determination to win this race together,” promising jobs, growth, and lower household bills.

Both leaders avoided clashes over Gaza, Ukraine, and steel tariffs, instead emphasising shared economic goals. Trump praised Starmer as a “tough negotiator” and described U.S.-UK ties as “unbreakable.” Questions over the late financier Jeffrey Epstein — linked to both Trump and Starmer’s recently dismissed U.S. ambassador — were deflected.

The visit, marked by royal pageantry and business diplomacy, leaves unresolved policy gaps but cements a narrative of transatlantic cooperation built on investment and mutual political benefit.


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