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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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Unrest and Uncertainty: Iran Signals Openness to U.S. Talks Amid Deadly Crackdown

 

This frame grab from footage circulating on social media shows protesters dancing and cheering around a bonfire on Friday in Tehran, Iran. Protesters have taken to the streets despite an intensifying crackdown.



A wave of intense unrest in Iran has drawn global attention, with rights groups reporting that more than 500 people have been killed during a sweeping crackdown on nationwide protests. What began as demonstrations over economic hardship has rapidly evolved into broader demands for political change, marking one of the most significant challenges to Iran’s leadership in years.

Amid the turmoil, an unexpected diplomatic opening has emerged. U.S. officials have indicated that potential talks with Iran may be possible, noting signals from Tehran that communication channels remain open. The prospect of dialogue comes at a moment of heightened tension, as Washington weighs how to respond to the violence while also exploring opportunities to reduce long‑standing hostilities.

The Iranian government has historically responded forcefully to mass protests, but observers say the current movement is more widespread and determined than previous waves of dissent. With internet access restricted and information difficult to verify, the full scope of the crisis remains uncertain.

Whether renewed U.S.–Iran engagement could ease the situation—or complicate it further—remains unclear. For now, the streets of Iran continue to reflect a volatile mix of anger, grief, and resilience as the world watches closely.


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