Gas prices in some states are expected to rise early on Tuesday, as Canadian raw products imports are exposed to duties as part of President Donald Trump's plan.
The Trump administration has implemented the definitions of 25 % against imports from Canada and Mexico, as an exception to Canadian oil products, which are imposed by 10 %.
The United States is importing almost 4 million barrels From oil on Canada. The majority is sent via pipelines to the middle west, rocky mountains and the Great Lakes. New England receives duplicate products such as gasoline, diesel and jet fuel directly from Canada, which means that fuel prices will likely increase in that region first.
Prices in Mine, Vermont, Contecticut, Massachusetts, Roses Island and New Hampsheer will start to rise early on Tuesday to sit anywhere between $ 0.20 and $ 0.40 per gallon higher by mid -March, according to Gasbodian President Patrick de Han.
Read more: What does Trump's tariff mean for the economy and your wallet?
“This is only the influence of the customs tariff,” De Han told Yahoo Finance, noting that the annual change to a more expensive summer mix may affect prices.
On Tuesday, the average national gasoline price hovering about $ 3.10 per gallon, the same price a month ago and 0.25 dollars exactly less than one year, According to AAA data.
“I expect many service stations to collect their prices from 0.15 dollars to $ 0.25 per gallon,” Andy Lipo, President of Lipow Oil Associas, told Yahoo Finance.
Tom Chloouza, head of global energy analysis of OPIS, who tracks wholesaler prices, said the largest colander operator in Canada, Erfing Oil raised prices at 12:01 am on Tuesday.
“The prices have increased significantly by about 10 % of the definitions,” said Chloeza.
In the case of heavy crude oil imports, Goldman Sachs expects Canadian companies to partially absorb duties, given their limited export infrastructure to other markets.
Dan Streuvin, a co -chairman of global commodity research, wrote in early February, “Canada and American consumers will participate” the largest part of the burden because the margins of colander in the Middle West are already low will have more space once the customs tariff is imposed. “
In the medium term, the company predicts that oil prices may decrease because the continuous wide tariffs will affect global growth and demand. It would affect the price of gas.
On Tuesday, oil decreased by 2 % to expand the losses from the previous session after the organization of the oil -exporting countries (OPEC) said it would restart some of its production.