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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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USS Gerald R. Ford Heads to South America as U.S. Expands Military Footprint

The USS Gerald Ford, which was commissioned in 2017, is the United States' newest aircraft carrier and the world's largest, with more than 5,000 sailors aboard.

The United States has announced a major escalation of its military presence in South America with the deployment of the USS Gerald R. Ford, the world’s largest aircraft carrier. The move, ordered by President Donald Trump’s administration, marks one of Washington’s most assertive shows of force in the region in decades.

The Gerald R. Ford, commissioned in 2017, carries more than 5,000 sailors and up to 90 aircraft. It will join an already formidable U.S. presence in the Caribbean, which includes eight warships, a nuclear submarine, and F-35 fighter jets.

Pentagon officials say the buildup is aimed at disrupting drug trafficking networks and bolstering security across the Western Hemisphere. In recent weeks, U.S. forces have conducted multiple airstrikes against boats allegedly linked to criminal organizations, drawing both regional concern and questions about the legality of such operations.

The deployment comes amid heightened tensions with Venezuela, whose government Washington accuses of harboring traffickers and undermining democratic institutions. Analysts warn that the arrival of the Gerald R. Ford could further inflame regional unease, while U.S. officials insist the mission is focused on safeguarding stability and protecting American interests.


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