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.

  • @Jericho_Kane
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    47 hours ago

    Americans are gonna implode when their gas is still dirt cheap, compared to the rest of the world.

    • @[email protected]
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      248 minutes 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.

    • @[email protected]
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      7 hours ago

      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.

  • @[email protected]
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    11 hours ago

    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.