As Trump's tariff hit Canada, Mexican oil, the price of pumps will rise

Analysts and fuel traders said American consumers would rise on Saturday President Donald Trump on Saturday's decision on the refueling pump on the decision to impose tariffs on Petroleum Petroleum in Canada and Mexico.

The increase in fuel prices reflects the dual nature of Trump's trade protection measures, and aims to strengthen domestic business and pressure on neighboring US neighboring countries to curb illegal immigrants and drug smuggling, but this will also run counter to his commitment to solve the promise of inflation.

The United States imports about 4 million barrels of Canadian oil every day, 70 % of which are processed by the refinery in the central and western regions. It also imports Mexican oil with more than 450,000 BPD, mainly used to refine plants that concentrate on the Bays of Mexico.

For these imported tariffs, the cost of making finished fuels such as gasoline is higher, and most of them may be passed on to American consumers.

Gasbuddy analyst Patrick de Haan said in the post of social media: "If oil and refined products are not exempted, it is expected that fuel prices will rise significantly." He told Reuters in a telephone interview that the longer the tariff delay, the right, right Consumer blows will become worse.

The American Institutional Association, which represents the American Refining Corporation, said on Saturday that it hopes that consumers will feel that they will increase tariffs before consumers begin to feel.

White House officials said that Trump ordered 25 % of tariffs on imports from Canada and Mexico on Saturday, and began imported goods from China on Tuesday to solve the emergency situation of fentanyl and illegal foreigners entering the United States.

Officials told reporters that Canadian energy products are only 10 % of taxes, but Mexican energy imports will be charged 25 % of the tax rate.

Officials said that Trump initially plans to impose 25 % tariffs on all goods in Canada and Mexico, but reduced the Canadian oil tariffs to reduce the impact on energy prices.

For example, these developments will subvert the symbiotic oil trade between the United States and its neighbors: Many American refineries aims to stir the types of heavy and medium crude oil production produced by Canada and Canada, while Canadian oil output exceeds the current demand.

John LaForge, a Wells Fargo Investment Institute, told Reuters: "Someone will be hurt here."

He said: "There are not many choices in Alberta's oil, and the refinery in the central and western regions has no choice in obtaining raw materials."

The Mexican Bay Coast Refinery, which is different from the central and western refineries, can use marine goods, which is likely to be easier to find alternatives of Mexican crude oil levels.

Companies participating in the wholesale fuel market said that they have no choice, and they can only transfer the increased cost to consumers, especially with the fuel after fuel profit margin. It's right.

Alex Ryan, the energy director of Oasis Energy, Kansas, said: "We are in some kind of mouth.

Ryan said his team also provided fuel to other markets, and he was still waiting for feedback from the refinery to increase the increase in estimated costs.

Ruian said: "No matter what the cost is, it will eventually fall on the knee of consumers. We have no power about this."

Drivers on the East Coast may also feel tightened. The oil refining capacity in this area almost meets half of the daily fuel demand, and the rest is mainly achieved by colonial pipelines. The pipeline draws more than 100 million barrels of fuel from the Gulf of Mexico every day.

But the pipeline is always full. During the high demand, Owen Petroleum Corporation has always been the main autumn thousand suppliers on the East Coast in the St. John Refinery in New Baiyuk.

These imports will levy 10 % of taxation.

De Hun said that the East Coast will have to bear the additional costs imported from Canada, or turn to European fuel imports to make up for the shortage.

Analysts said that in the pumps in the central and western regions, due to the increase in fuel at the refining plant, the impact of tariffs may be delayed, and Canada oil has been stored in recent months.

Even so, tariffs will still increase costs.

LaForge of Wells Fargo said: "In any case, you have to cut it, you are looking for a higher price."