Trump promised to lower gas prices. His tariffs could have the opposite effect.
President Donald Trump's plan to slap tariffs on Canada and Mexico as soon as February 1 threatens to undercut one of his key campaign promises: lowering prices at the pump. The US imports around 40% of the crude oil it refines into gas for your car and other vehicles.
Gas prices set to rise as Trump tariffs hit Canadian, Mexican oil
Tariffs on oil imports mean higher costs for making finished fuels like gasoline, much of which is likely to be passed along to U.S. consumers.
Gas, grocery prices likely to surge when Trump’s tariffs take effect Feb. 1
The Trump administration will impose 25% tariffs against neighboring countries Canada and Mexico beginning Saturday, the White House confirmed Friday.
Here's what Trump's Mexico and Canada tariffs would mean for Wisconsin gas prices
The 25% tariffs could increase the price of Canadian crude oil from about $63 per barrel to $80, according to De Haan. The refineries that serve Wisconsin rely primarily on Canadian crude oil, so within a few days of the tariffs kicking in, prices at the pump could rise between 20 and 50 cents a gallon.
Vance: Gas, grocery prices ‘are going to come down,’ but it will ‘take a little bit of time’
Vice President Vance said in an interview on CBS News’s “Face the Nation” with Margaret Brennan that prices will start coming down, but it might not happen immediately. “Prices are going to
US tariffs on Canada and Mexico begin Saturday—what it means for gas prices
President Donald Trump’s 25% tariffs on Canada and Mexico begin Saturday, but he hasn’t decided whether to include oil imports— a move that could affect gas prices despite his pledge to cut energy costs.
Specter of Trump Tariffs Spurs Interest in US Gas Contracts
President Donald Trump’s high-stakes bid to use natural gas exports as leverage to expand US influence in Europe and Asia appears to be gaining early traction.Government officials and energy executives from countries such as India,
Gas prices to spike 'at least 10% overnight' under Trump's tariffs, expert says
Gas prices were virtually flat across most Canadian cities over the past week, according to data from Kalibrate. Of course, the pause could be short-lived. Saturday is U.S. President Donald Trump's earliest expected date for hitting Canadian imports with a 25 per cent tariff.
Gas prices rose from last week: See how much here
Here's a look at how weekly regional gas prices changed in Lower Atlantic region last week compared with the week prior.
Forbes2d
Today’s Gas Prices By State
Commissions do not affect our editors' opinions or evaluations. Today’s average price of gas in the U.S. is $3.11 per gallon, down $0.01 from yesterday, down $0.02 from last week and up $0.07 ...
EU removes energy crisis gas price cap
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Iowans react to potential tariff induced gas price hike
The Trump administration implemented tariffs on Canada, China, and Mexico Saturday which could impact the price of all types ...
USA Today9d
Gas prices in Wisconsin have jumped 20 cents in the past month. Here's why
Between frigid weather and rising oil prices, gas prices in Wisconsin have jumped more than 20 cents in the past month.
Boosting gas output while keeping prices low a tough task for Trump
It may take more than a Sharpie pen and White House cheerleading to change natural gas output levels in the United States.
AAA: Gas prices in New York hover above $3 as winter weather impacts distribution
On January 27, the average price of gasoline in New York State is $3.12, as it went down one cent from last week.
WWTI Watertown on MSN6d
Latest round of gas prices for NNY released to close out January
AAA of Western and Central New York has released its latest round of gas prices to close out the month of January. According ...