Food and everything else will go up too
OTTAWA — Alberta Premier Danielle Smith said that she’ll do her part to make sure that American drivers know who to thank for higher prices at the pump if United States President Donald Trump moves ahead with across-the-board tariffs on Canada.
“If tariffs do come in, then we would be looking very closely at the markets that receive Canadian oil to see if there’s an increase in price,” Smith said in an interview Friday with the National Post.
“We’ve been told that the price could (rise) as much as 35 cents (per gallon) American to 75 cents,” said Smith.
“We’ll very likely see that there are voices out there willing to point that out.”
Analysts say cross-border tariffs would likely drive up gasoline prices the most in the Upper Midwest, a region that’s regularly a key electoral battleground in presidential and congressional races.
Fifteen Midwestern states currently source all of their oil imports from Canada, including all-important swing states Wisconsin and Michigan. Trump won both states in his victorious 2016 and 2024 campaigns, but carried neither in his failed 2020 re-election bid.
At any given time, up to two-thirds of the gasoline that flows through the pumps in major Midwestern markets like Chicago and Detroit can be traced back to the Alberta oil sands.
None of this seems to worry Trump, who said during a virtual address to the World Economic Forum on Thursday that the U.S. doesn’t need Canada’s oil and gas, because it has plenty of its own.
The region is also home to a dense network of refineries that are rigged to process the heavy crude that flows from north of the border.
nationalpost.com
OTTAWA — Alberta Premier Danielle Smith said that she’ll do her part to make sure that American drivers know who to thank for higher prices at the pump if United States President Donald Trump moves ahead with across-the-board tariffs on Canada.
“If tariffs do come in, then we would be looking very closely at the markets that receive Canadian oil to see if there’s an increase in price,” Smith said in an interview Friday with the National Post.
“We’ve been told that the price could (rise) as much as 35 cents (per gallon) American to 75 cents,” said Smith.
“We’ll very likely see that there are voices out there willing to point that out.”
Analysts say cross-border tariffs would likely drive up gasoline prices the most in the Upper Midwest, a region that’s regularly a key electoral battleground in presidential and congressional races.
Fifteen Midwestern states currently source all of their oil imports from Canada, including all-important swing states Wisconsin and Michigan. Trump won both states in his victorious 2016 and 2024 campaigns, but carried neither in his failed 2020 re-election bid.
At any given time, up to two-thirds of the gasoline that flows through the pumps in major Midwestern markets like Chicago and Detroit can be traced back to the Alberta oil sands.
None of this seems to worry Trump, who said during a virtual address to the World Economic Forum on Thursday that the U.S. doesn’t need Canada’s oil and gas, because it has plenty of its own.
The region is also home to a dense network of refineries that are rigged to process the heavy crude that flows from north of the border.
Expect a spike in U.S. gas prices if Trump tariffs come in: Alberta premier
"We've been told that the price could be as much as 35 cents (per gallon) American to 75 cents," said Smith.
nationalpost.com
