Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Deadly Russian Strikes Plunge Ukraine Into Winter Blackouts

                                        Kyiv neighbourhood plunged into darkness after latest Russian attacks.

A large-scale Russian air assault on Ukraine has left three people dead and triggered widespread power outages across multiple regions. The overnight attack involved waves of drones and missiles aimed at both residential areas and critical energy infrastructure, intensifying pressure on the country as winter temperatures continue to fall.

Authorities reported that strikes hit at least a dozen regions, damaging homes and forcing emergency shutdowns across parts of the national grid. Among the victims was a young child, killed when debris from a downed drone struck a residential neighborhood.

The bombardment also prompted neighboring Poland to activate military aircraft as projectiles approached its airspace, underscoring the broader regional risks posed by the conflict.

Ukrainian officials condemned the attack as a deliberate attempt to destabilize civilian life during the holiday season, while emergency crews worked through the morning to restore electricity and repair damaged infrastructure.


Labels:

Comments

Post a Comment