The much needed tariffs against Mexico, Canada, and China will take affect tomorrow. This was necessary and a bold great move by President Trump, who is doing the right thing by protecting Americabe and American businesses.
Rest assured, that as a result of this everything and especially gas prices will go down in price. These tariffs will benefit the consumer’s pockets.
Donald Trump will now school Joe Biden in how to lower gas prices.
how will tariffs effect these factors -->
Crude oil price: The price of crude oil is the biggest factor in the price of gasoline. When the price of crude oil increases, so does the price of gasoline.
Refining costs: The cost of refining crude oil into gasoline varies by season and location.
Demand: The demand for fuel can increase during periods of economic growth.
Taxes: Governments impose taxes on fuel products, which can vary by region and country.
Competition: The number of gas stations in a given area can affect prices.
Supply and demand: Gasoline prices increase when the supply decreases relative to demand.
Government policies: Government policies can include subsidies, incentives, and regulations that impact fuel prices.
Currency exchange rates: Fluctuations in currency exchange rates can affect the cost of importing and exporting fuel.
Operating costs: Operating costs can vary by location, regardless of the number of gas stations.
i guess the big one is probably demand. If the economy is tanked, then less demand for gas.
perhaps also pollution control. If gas suppliers are permitted to pollute more, then perhaps costs might reduce slightly. But its more likely they would just pass that to shareholders instead.
