Tariffs on imports mean higher costs for finishing fuels, much of which is likely to be passed on to consumers

Summary

Trump’s new tariffs on Canadian and Mexican oil are expected to raise U.S. gas prices.

Canadian oil imports face a 10% tariff, while Mexican oil is hit with 25%, increasing refining costs.

Analysts warn the tariffs will push fuel prices higher, with Midwest refineries particularly vulnerable due to reliance on Canadian crude.

East Coast drivers may also see cost hikes due to limited refining capacity.

Fuel traders expect the added costs to be passed on to consumers, contradicting Trump’s false promise to curb inflation.

      • VitoRobles@lemmy.todayEnglish
        1·
        13 hours ago

        Can we get these New Liberals folk to get off of BigTech like Meta? Or at least get on the Fediverse and cross post?

        • dan@upvote.au
          1·
          12 hours ago

          Meta products still have the most users though, so most companies/organizations still find value in them.

          FediDB says the Fediverse has 1.2 million monthly active users (people that use it at least once per month). Bluesky has around 20 million. Threads, which AFAIK is the smallest Meta app, has around 320 million with 1 million new users signing up every day. It’s on track to overtake Twitter.

          Cross posting is definitely a good idea though! I’m not sure which tools handle cross posting across all the current platforms though. I’d love to learn if there’s any good apps for it, since I want to more easily do the same thing myself.