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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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Farmers’ Fury: Greek Blockades Intensify Over Delayed Aid

 

Greek farmers protesting over the delayed payment of European Union subsidies gather near the Heraklion International Airport, in Heraklion.


Greek farmers have escalated their protests across the country, staging nationwide blockades to demand faster access to promised government funding. Major highways and key transport routes have been obstructed, disrupting travel and supply chains as farmers voice frustration over what they describe as unacceptable delays in financial support.

The demonstrations, organized by agricultural unions, highlight growing tensions between rural communities and the government. Farmers argue that rising production costs, combined with delayed subsidies, threaten their livelihoods and the stability of Greece’s agricultural sector.

Authorities have urged dialogue, but farmers remain firm in their stance, insisting that only immediate action will ease their financial strain. With blockades spreading and pressure mounting, the standoff underscores the deep challenges facing Greece’s farming industry and the broader economy.


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