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Trump tariffs could raise US fuel prices

  • Experts link rising gasoline prices in the U.S. Northeast to President Donald Trump’s tariffs on Canadian energy imports, which may impact Atlantic Canada’s energy producers.
  • Gas prices in Maine have recently increased by two cents per gallon, contributing to rising heating fuel costs, with predictions of a further rise of 20 to 40 cents per gallon in the northeast by mid-March.
  • New England relies heavily on Canadian petroleum, importing $10.2 billion worth annually, making them vulnerable to price increases from tariffs.
  • Analysts predict that the tariffs will add costs and impact consumers who are caught between tariffs and seasonal price hikes.
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Forbes broke the news in United States on Tuesday, March 4, 2025.
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