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.
Nat-gas Prices Little Changed as European Gas Prices Surge
Mar nat-gas prices Friday dropped to an 8-week low but settled slightly lower. Short covering emerged in nat-gas prices Friday after European nat-gas prices rallied to a 15-month high. Since posting a 1-year nearest-futures high two weeks ago,
From Groceries to Cars, Tariffs Could Raise Prices for U.S. Consumers
President Trump’s new tariffs on goods from Canada, Mexico and China are likely to result in higher prices for lots of products, including computers, tequila and gas.
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.
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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
The gas price cap introduced by the European Union during its 2022 Russian gas crisis will expire on Friday, having not been ...
How gas prices have changed in Ohio in the last week
Ohio by the numbers - Gas current price: $2.92 - Week change: -$0.11 (-3.7%) - Year change: -$0.03 (-1.0%) - Historical ...
Arizona utility regulator: Natural gas is key to the state's energy future for now
The head of Arizona's utility-regulatory commission said natural gas will be needed to meet heightened demand before ...
Gas prices see slight drop in Central Ohio, GasBuddy reports
COLUMBUS, Ohio (WSYX) — The average price of gas for Columbus is down a bit from last week, a survey by GasBuddy found. The average fuel price as of Monday is $3.03 per gallon as of Monday, GasBuddy ...
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Florida Gas Prices Climb Out Of Recent Range, Reaching $3.22 Per Gallon
Florida drivers are feeling the pinch at the pump as gas prices continue to rise. After months of relative stability, the state average has climbed above $3.20 per gallon, marking a noticeable ...
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.