this post was submitted on 02 Feb 2025
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Economy

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US gas prices likely to go up with Trump tariffs on Canadian and Mexican oil (www.theguardian.com)
submitted 5 months ago by lemmy_news@lemmy.wtf to c/economy@lemmy.world
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[–] Tm12@lemmy.ca 7 points 5 months ago* (last edited 5 months ago) (1 children)

10% won’t be so bad but if that number hits 25-50%, the MidWest gonna be paying $8 usd a gallon.

[–] Travesty@lemmy.world 6 points 5 months ago

Your math is a little off. A gallon is $2.60 here. 10% will take us to $2.76. 50% will take us to $3.90. I think the Trumpets will gargle it. The magic number is $5. They've never seen $5.