Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil

[Cellblock2429]

theHawk

If tariffs are so bad, why are Canada and Mexico threatening to retaliate with their own tariffs?

Wouldn’t they just be rising prices on their own citizens?


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/——/ They are trying to save face. It’s humiliating to get dominated by a foreign leader.

 

[JGalt]

Chinas economy is on deflation status.

Of course they are. Their consumers and businesses are reluctant to buy because they expect prices to fall further. They have too much production of certain goods, and their housing market is slumping, which has lowered prices for homes and household items. But deflation also wrecks household incomes, corporate earnings, and government taxes, consumers and investors cut back on spending, it raises the debt-to-GDP ratio, and lowers their global growth.

 

[d0gbreath]

Eggs are up. Coffee. Bacon. Now maple syrup, chorizo, mezcal, tortillas, jalapenos, frijoles, avocados

Wtf is your guy doing to my breakfast?

Breakfast without Mezcal is like a day without sunshine.

 

[JGalt]

People don’t want to build refineries because that’s expensive.

But good luck. I can’t wait to hear about the refinery you’re going to build.

"People" don't build new refineries, private companies do. Refineries are built and funded by private oil companies who see a potential return on investment by selling more of their refined products.

I'm really surprised that I have to explain something this simple to you. All that public education you slept through appears to have been a waste of taxpayer's money.

 

[initforme]

"People" don't build new refineries, private companies do. Refineries are built and funded by private oil companies who see a potential return on investment by selling more of their refined products.

I'm really surprised that I have to explain something this simple to you. All that public education you slept through appears to have been a waste of taxpayer's money.

The oil companies are swimming in wealth. No support from me.

 

[August West]

if you are convicted you go to jail and is he? it's called smoke and mirrors buddy as the libs tried everything to keep him from running and failed. so you are calling trump a racist eh? odd how he garnered a good chunk of black and brown votes and won the popular
your side failed and badly, suck up and move on instead of crying about it

80% of the black and brown people did not vote for Trump. He doubled his support from 2020, but getting 16% of those votes in 2024 is not an indication that minorities have fallen in love with Trump.
How many people of any color do you think support Trump because they love his plan for America`s healthcare and education? The trailer park crowd had no idea that he would be slashing their benefits. They love Trump because he hates the same people who they hate. I support doing things like taking a closer look at SS and seeing how many scammers we really have, and I can`t picture the Democrats doing that.

 

[Superbadbrutha]

if you are convicted you go to jail and is he? it's called smoke and mirrors buddy as the libs tried everything to keep him from running and failed. so you are calling trump a racist eh? odd how he garnered a good chunk of black and brown votes and won the popular
your side failed and badly, suck up and move on instead of crying about it

Was he convicted and sentenced in a Court of Law?

Anybody else that it has happened to is called a Convicted Criminal, but someone the Law Books were changed when Trump was convicted.

 

[gipper]

We funded two World Wars and a Cold War that we won -- with an income tax. We were a piss-weak largely regional force before then. If you want to project global economic, political, and military power, that costs money.

So as I said, you're being absurd here. Time to put down whatever Super MAGA Man comic books you're reading and step back into the real world for a moment.

If only we could return to when the federal government was tiny and noninterventionist. It would be great for Americans and the world.

 

[22lcidw]

80% of the black and brown people did not vote for Trump. He doubled his support from 2020, but getting 16% of those votes in 2024 is not an indication that minorities have fallen in love with Trump.
How many people of any color do you think support Trump because they love his plan for America`s healthcare and education? The trailer park crowd had no idea that he would be slashing their benefits. They love Trump because he hates the same people who they hate. I support doing things like taking a closer look at SS and seeing how many scammers we really have, and I can`t picture the Democrats doing that.

Progressive Socialists have gotten a lot of mileage from their subterfuge agendas.

 

[skews13]

“U.S. consumers will see higher prices at the gas pump from President Donald Trump's decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders.

The likely hike in fuel prices reflects the double-edged nature of Trump's trade protections which are designed to bolster domestic business and pressure U.S. neighbors to curb illegal immigration and drug smuggling, but which will also run counter to his promises to tackle inflation.

The U.S. imports some 4 million barrels per day of Canadian oil, 70% of which is processed by refiners in the Midwest. It also imports over 450,000 bpd of Mexican oil, mainly for refiners concentrated around the U.S. Gulf Coast.

Tariffs on those imports mean higher costs for making finished fuels like gasoline, much of which is likely to be passed along to U.S. consumers.”

https://www.reuters.com/business/energy/pump-prices-set-rise-trump-tariffs-hit-canadian-mexican-oil-2025-02-01/

Higher costs for Trump voters, the consequence of their ignorance and stupidity.

It's called market volatility.

Trump creates a bear market long enough to make put buys, and clean up.

Then after a while, end the tariffs proclaiming a big victory, then make call buys on the way back up.

While everyone is distracted by the shiny things.

Just like last time.

 

[multivita-man]

If only we could return to when the federal government was tiny and noninterventionist. It would be great for Americans and the world.

Like you wanna go back to 1835? Talk to Elon about building a time machine. I hear that guy can literally do anything.

 

[Moonglow]

Thanks for the inflation, said no MAGAT evah!

They hated Bidenflation but love Trumpflation....Some people are stupid bitches.

 

[whitehall]

Canada and Mexico blinked as predicted. Schumer can buy guac and Corona beer this week.

 

[SassyIrishLass]

Canada and Mexico blinked as predicted. Schumer can buy guac and Corona beer this week.

Trump played them like a fiddle

 

[gipper]

Like you wanna go back to 1835? Talk to Elon about building a time machine. I hear that guy can literally do anything.

I’d happily accept a federal government today the size it was in 1835. You should too.

 

[Lesh]

Tariffs on oil are not a big deal.
Tthe US uses 19m bbls a day
We produce 13m bbls a day
So a 10% tariff on 6m bbls of imported oil should not be a big increase at the pump.

What do you consider “big increases “?

 

[Lesh]

Trump played them like a fiddle

Trump backed down like a *****

 

[August West]

I’d happily accept a federal government today the size it was in 1835. You should too.

And a downsized War Dept. Getting out of the war making business would save us trillions.

 

[kyzr]

What do you consider “big increases “?

I'll know it when I see it. We don't know how much of the tariff will hit the pump.

 

[Lesh]

I'll know it when I see it. We don't know how much of the tariff will hit the pump.

You’ll “know it” when you get the memo