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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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Ukraine Launches Drone Barrage on Moscow Amid Escalating Strikes

                                           There were no reports of major damage in Moscow


Russian officials reported that air defenses intercepted dozens of Ukrainian drones targeting Moscow overnight, in one of the largest such attacks in recent months. According to Russia’s defense ministry, 34 drones were shot down en route to the capital, while nearly 160 more were intercepted across other regions.

The strikes prompted temporary closures at two of Moscow’s major airports, though authorities said there was no significant damage in the city itself. At least one person was killed and several others injured in surrounding areas.

The incident underscores the intensifying aerial campaign on both sides. While Russia continues to pound Ukraine’s energy infrastructure, Kyiv has increasingly targeted oil refineries and industrial facilities inside Russia, aiming to disrupt its war economy.

Nearly four years into the conflict, the drone war has become a defining feature of the battlefield, extending the fight deep into each country’s territory.


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