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.

  • BakerBagel
    2·
    3 hours ago

    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.