Reported about 3 hours ago
Retail gasoline prices in the U.S. are projected to increase following the implementation of new tariffs by the Trump administration, which includes a 25% tariff on Mexican imports and a 10% tariff on Canadian energy. Traders and analysts anticipate that these tariffs could lead to a significant rise in wholesale gasoline prices, particularly in the Northeast, where prices could surge by 20 to 40 cents a gallon. The tariffs, aimed at boosting the U.S. economy, may have unintended consequences for consumers as energy costs rise.
Source: YAHOO