US gas prices likely to go up with Trump tariffs on Canadian and Mexican oil
US gas prices likely to go up with Trump tariffs on Canadian and Mexican oil
Tariffs on imports mean higher costs for finishing fuels, much of which is likely to be passed on to consumers
Summary
Trump’s new tariffs on Canadian and Mexican oil are expected to raise U.S. gas prices.
Canadian oil imports face a 10% tariff, while Mexican oil is hit with 25%, increasing refining costs.
Analysts warn the tariffs will push fuel prices higher, with Midwest refineries particularly vulnerable due to reliance on Canadian crude.
East Coast drivers may also see cost hikes due to limited refining capacity.
Fuel traders expect the added costs to be passed on to consumers, contradicting Trump’s false promise to curb inflation.
So donvict is going to hit flyover country hardest?
Let's put the meanest, dumbest, and richest people in charge and see what happens!
Not just gas. Everything.
And not just "gas and everything" but also double that because all those things that will get tariffs will also be hit with increased transport costs because of increased oil costs.
Inflation's back, baby!
Sales of Trump "I did this" stickers about to skyrocket
Get them while they're hot: https://cnliberalism.org/store/p/my-tariffs-did-that-sticker
Ironically they just had to bump the price from $1 to $1.25 due to the tariffs.
Egg prices will go down though, right?
Right?
(👁 ͜ʖ👁)
I'm hanging on to see how this turns out. Some political analysis says Trump is mainly a vessel to collect the glory of being president doing his thing, while the ghouls behind the curtains whispering into his easily manipulated narcissistic head are steering.
Seems spot on, he was shown to be easily manipulated during the campaign. Watching him sign executive orders seemly clueless what he is signing.
Americans are gonna implode when their gas is still dirt cheap, compared to the rest of the world.
How would your budget look if one of your daily staples increased 25% overnight? It's the same as New Yorkers or Californians mofking Midwesterns when their rent increase drastically to something that's considered "low end" in their market.