Oil and gas futures opened higher as theoretical tensions in President Trump's energy policy just got very real, very fast. Why it matters: New tariffs on Canada and Mexico could raise gasoline and home heating costs in places — even though 10% Canadian energy tariffs are lower than the 25% applied to other goods.

He added that the exact impact of tariffs on gas prices will likely be muddied by the annual spring price increase thanks to the expected increase in demand, scheduled refinery maintenance and switch to summer blends of gasoline, which would cause prices to increase 20-60 cents.

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. Analysts told The Hill that the 10 percent

President Donald Trump's decision to implement a 10% tariff on Canadian energy starting Tuesday, in contrast to the announced 25% tariff on everything else from Canada, "will moderate the resulting increase in U.

The effects of tariffs will be felt all over the country, but they could be more acute in New England, which relies heavily on Canadian energy exports.

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.

Patrick De Haan, head of petroleum analysis at GasBuddy, warned Americans in the certain regions may be most affected by tariffs on Canada. Here's what to know.

Patrick De Haan, head of petroleum analysis at GasBuddy, warned Americans in the Midwest, the Rockies and the Great Lakes regions may be most affected by tariffs on Canada.

While President Donald Trump campaigned on a pledge to lower fuel prices, energy experts predicted that his pending tariffs would increase prices at the gas pump.

The Trump administration’s plan to impose a 10 percent tariff on Canadian oil could lead to higher gasoline prices for U.S. consumers, particularly in regions that rely heavily on Canadian crude. The tariff,