Trump’s tariff threats to Canadian oil could affect three US regions, says the gas analyst
Patrick de Haan, head of oil analysis in Gasbuddy, discusses the potential influences of setting a tariff on Canadian oil on gas prices in the United States
Americans in the Middle West, Rockies and Great Lakes Regions may want to fasten themselves to increase gas prices if the US sets tariffs on the Canadian oil, an energy expert Patrick de Haan warned on Thursday.
“[The impact would be] Certainly unbalanced, “de Haan, head of oil analysis in Gasbuddy, Stuart Varney told Fox Business.
“And who will it affect?” He continued. “First of all, car motions in large lakes could see that gas prices burst over $ 0.20 per gallon. Much of the Canadian raw oil flows directly to areas like large lakes, middle west, razni mountains regions, where they can be difficult to find it different sources of raw oil. “
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Motorists in the Great Lakes could see that gas prices burst out more than $ 0.20 per gallon if now they put a tariff on the Canadian oil, warned energy expert Patrick de Haan. (East / East)
“By saying that, the pressure on Canada is undermined by the price of the Western Canadian oil. Today it has been lowered to about $ 60 per barrel, but this is certainly a bit of a bit of car motions in Greater Lakes, Rockies and Middle West.”
Even northeast, which relies on the Canadian oil refineries of St. John and Irving, could potentially guess.
“This would be an influence, however, on refined products, so that the northeast could be subject to those tariffs that complete products such as diesel fuel and jet fuel, and gasoline flows from that Canadian refinery to the northeast United States, so it could be there there Some pouring into other regions, “De Haan explained.
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President Donald Trump has long been threatened to impose 25% of tariffs Canada and Mexico, two of the largest American suppliers of raw oil, unless the countries take measures to stop the flow of illegal immigrants and fentanese in the United States
During her first briefing for journalists on Tuesday, spokeswoman for the Karolina Leavitt White House Re -confirmed Trump plan to impose tariffs on February 1.
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Through the cycle, President John Lonski explains that Tariffs against Canada and Mexico will affect the US economy on ‘Varney & Co.’
Reuters contributed to this report.
