Around 40% of the crude that runs through US oil refineries is imported, and the vast majority of it comes from Canada.
Does this mean gas prices will go up? Heating bills?
this post was submitted on 31 Jan 2025
19 points (100.0% liked)
Politics
10223 readers
256 users here now
In-depth political discussion from around the world; if it's a political happening, you can post it here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 3 years ago
MODERATORS
This should read "America to be hit by 25% tarrifs on Canadian and Mexican goods" because that's how tariffs work.
He's literally just threatening to take more money from American consumers. Yeah, that might change who different companies do business with, but we're eating the ticket cost unless they lower prices by 25%.