US EditionPump 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.
51 Articles
51 Articles
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…
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.
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