Patrick de Han, head of oil analysis at Gasbuddy, discusses the potential effects that put a customs tariff on Canadian oil on gas prices in the United States
Patrick de Han, the energy expert on Thursday, warned the Americans in the Middle West, Rocks, and Great Lakes may want to prepare for gas prices if the United States is putting a customs tariff for Canadian oil.
“The effect will be) is definitely unbalanced,” De Han, head of oil analysis at Gasbuddy, told Fox Business Varney.
“Who will be affected?” He continued. “In the first place, car drivers in the Great Lakes can see gas prices exceeding $ 0.20 per gallon. Many of this Canadian crude oil flow directly to areas such as the Great Lakes, the Middle West, and the Rocky mountain areas, as this may be difficult to find Various sources of crude oil.
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Energy expert Patrick de Han warned that car drivers in the Great Lakes can see a height of more than $ 0.20 for gallons if the United States is putting a customs tariff on Canadian oil. (Istock / Istock)
“After saying this, the pressure on Canada undermines the price of Western Canadian oil. It is due to about $ 60 a barrel today, but this is likely to have a potential to have some sting for car drivers in the Great Lakes, Ruf and the Middle West.”
Even the northeast, which depends on St. John and Irfing oil refineries in Canada, can be achieved.
“This will be an impact on refined products, so the northeast can be subject to this customs tariff that ends products such as diesel fuel and jet fuel, and gasoline flows from that Canadian refinery to the northeastern United States as well, so there is a clearer de Han” can be Some are indirect to other regions. “
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President Donald Trump has long threatened to impose a 25 % tariff on Canada and Mexico, two of the largest suppliers of the United States for crude oil, unless the two countries take measures to stop the flow of illegal and fentian immigrants in the United States
During her first press conference on Tuesday, White House spokeswoman Caroline Levitt Trump’s reaffirmation To impose definitions on February 1.
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Through the session, the chair of the course, John Lonsaki, explains how definitions against Canada and Mexico will affect the American economy on “Varney & Co.”
Reuters contributed to this report.
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