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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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U.S.-Ukraine Talks Show Progress, But Peace Still Elusive

 

U.S. Senator Marco Rubio 

U.S. Senator Marco Rubio described recent negotiations between Washington and Kyiv as “productive,” while cautioning that significant challenges remain before a comprehensive peace agreement can be reached.

Rubio emphasized that while both sides made progress in aligning priorities, the path toward ending the ongoing conflict is far from settled. He noted that discussions touched on military aid, security guarantees, and long-term reconstruction efforts, but acknowledged that bridging differences on territorial sovereignty and future security arrangements will require further dialogue.

The senator underscored the importance of continued U.S. engagement, stressing that a durable peace must balance Ukraine’s sovereignty with regional stability. “We’re moving in the right direction,” Rubio said, “but there’s still a lot of work ahead.”

Observers view the talks as a cautious step forward, highlighting the complexity of achieving a lasting resolution amid ongoing hostilities.


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