Published 22 days ago • loading... • Updated 20 days ago

Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil

The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon, as reported by the Trump administration.
President Donald Trump announced tariffs on U.S. Imports from Canada and Mexico, but put the Mexican tariffs on hold after speaking with Mexican President Claudia Sheinbaum.
Wholesale gasoline prices increased by 8 cents a gallon, with expectations of shortages in the U.S. Due to diverted imports from Canada and Mexico, according to analyst Andy Lipow.
If the tariffs remain in place through summer, they could lead to inflation and higher prices for consumers, as stated by Tom Kloza, global head of energy analysis for OPIS.

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EcoWatch

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ecotopical.com

Experts Predict Consumers Will Be ‘Worse Off’ As Trump Tariffs Raise Prices on Goods and Energy

Prices may soon increase at the pump due to tariffs on gas imported from Mexico and Canada enacted by President Donald Trump. President of Mexico Claudia Sheinbaum has reached a deal with the Trump administration to delay the tariffs for a month, while import duties on Canadian and Chinese goods will go into effect on Tuesday. The impact of the tariffs could harm oil companies and increase gas prices, The New York Times said. “It’s going to be v…

20 days ago

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Fox8

Could gas prices jump dramatically? Experts say yes

LAKEWOOD, Ohio (WJW) – Could we see a steep jump at the pump? Prices in and around Cleveland were as low as $2.50 per gallon on Monday, according to GasBuddy.com. Experts say those low prices are likely to change due to standard price cycling patterns. Where 3 new Meijer supercenters are opening in NE Ohio and hiring “We know that stations right now in many areas across Ohio are selling at or well below their cost,” GasBuddy Head of Petrol…

20 days ago·Cleveland, United States

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Bloomberg

US Drivers May See Pump Prices Jump 15 Cents on Trump Tariffs

American drivers may see fuel prices jump by around 15 cents a gallon from Donald Trump’s move to impose tariffs on Canadian and Mexican supplies, according to one oil analyst.

20 days ago·United States

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The Center Square

Expert says new tariffs could push gas prices higher

(The Center Square) – The national average for regular gasoline in the United States has dipped close to $3 per gallon, offering some relief to Americans; however, recent policy changes

20 days ago·United States

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CNN

+6 Reposted by 6 other sources

Tariffs will lift US gas prices within days

The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen.

20 days ago·Atlanta, United States

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MarketWatch

Oil, gasoline prices jump after Trump slaps tariffs on Canada crude

Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.

20 days ago·United States

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