Tariffs on imports mean higher costs for finishing fuels, much of which is likely to be passed on to consumers

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.

  • @[email protected]English
    7•3 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.

  • Flying Squid
    17•4 hours ago

    Egg prices will go down though, right?

    • @[email protected]English
      5•60 minutes 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.

        • Flying Squid
          2•4 hours ago

          I was going to suggest you print them yourself, but considering how much printer ink costs, I’m guessing the first way is the cheaper one.

          • @[email protected]
            3•2 hours ago

            You’d need some sort of fancy cutter to get them into the right shape, too. You could get die-cut stickers from a store like Stickermule for cheaper, but only if you buy in bulk (more than 100).

            • Flying Squid
              1•2 hours ago

              A Cricut would do it, and they are affordable. The bigger problem is that standard inkjet inks fade and even run if you subject them to enough water. You really want to use dye sublimation printing.