According to Tom KLOZA, a global head of OPIS energy analysis, the impact of President Donald Trump’s new tariffs on gasoline is limited.
This is because only 10 % of Canadian energy products are tariffs, not 25 % of other Canadian imports. Another factor is the time. Gas prices are usually low in February due to low demand.
However, if tariffs stay until summer, the impact will increase.
“It’s inflation, but inflation is not like April, May, and June,” Kurosa told CNN late on Saturday.
Kurosa said that most Canadian oil was shipped to the Midwest refinery via a pipeline, so this effect was not equally nationwide. States that are likely to be affected are Idaho, Illinois, Indiana, Iowa, Kentucky, Kentucky, Michigan, Mizuri, Mizuri, Mizuri, North Dakota, Ohio, North Dakota, North Dakota. , South Dakota, Pennsylvania, and Wisconsin.
“Interestingly, 12 of these 16 states began in February, and the average retail gasoline price is less than $ 3 per gallon,” said Crosa. “It’s probably not going on.”
