Gas prices: Increase at the pumps amid tariffs talk
Wednesday’s national average price of $3.125 is the same as on former President Biden’s last day in office, after dropping during Trump's first two weeks.
How Tariffs Could Feed Into Higher Gas Prices at the Pump
One market doing pretty well from the start of a new trade war: Oil. U.S. crude futures rose nearly 3% Monday. The rise, if sustained, could soon feed into higher gasoline prices for American drivers,
Trump promised to lower gas prices. His tariffs could have the opposite effect.
One chart shows why US gas prices could spike under Trump's tariff plans.
Gas prices set to rise as Trump tariffs hit Canadian, Mexican oil
Tariffs on oil imports mean higher costs for making finished fuels like gasoline, much of which is likely to be passed along to U.S. consumers.
Wisconsin could see higher prices, shocks to the economy, from new Trump tariffs
Trump vowed to place "a lot of tariffs" on imported steel, aluminum and copper. It will, he said, "be a great boost" to the American steel industry. He also vowed to place tariffs on foreign pharmaceuticals and computer chips.
Trump’s Tariffs to Have Limited Impact on Oil and Gas Prices, Goldman Says
The U.S. tariffs are expected to have a limited impact on oil and gas prices in the near term as global oil demand and production will largely remain unaffected as the levies are likely to be temporary,
Will gas and oil prices go up in Massachusetts from Trump's tariffs? Economists think so.
The tariffs on Canada have been put on a 30 day hold, but economists in Massachusetts think that gas and oil prices will go up preemptively.
Trump oil tariffs expected to raise price at the pump
President Trump’s tariff on Canadian oil is expected to raise prices at the pump for U.S. consumers, if it takes effect as planned after a 30-day delay.
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