After many weeks of $1.40.9er liter the price of regular gasoline has dropped two cents per liter. The CBC has been reporting that Canadian crude price is low, 13 dollars a barrel low,and the Alberta government is concerned. Some oil officials are calling it an emergency as West Texas settlement prices are dropping as well. 

Cushing Oklahoma is the contract settlement point for contracts and has been for 30 years. Grades and content makes a big difference in crude prices.

West Texas has been a benchmark price for settlement prices but lately has been discounting prices of entities such as OPEC Basket.

Western Canada Select dropped below 20 dollars a barrel last month and commentators are saying that Saskatchewan can not continue to rely on " quirky" pricing for budgets.
It seems that the people of Alberta may have demonstrated collective wisdom in their no vote for the 2026 Olympics last week.
The future market for benchmark oil in December is $56.77 at this writing.
We are not protected from tariffs on artificial price controls from the
Americans in the free trade agreement. It seems we need to tough it out in this market.

On this Day: November 16th 1945

Unesco is founded.