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Patrick de Haan, chief of Gasbuddy’s oil analysis, discusses the possible impacts of the Canadian oil rates on gas prices in the United States.
The Midwest North Americans, the Rockies and Great Lakes regions may want to obtain gas prices if the United States place rates in Canadian oil, warned Haan’s energy expert Patrick.
“(The impact would be certainly unbalanced,” Fox Business’s Stuart Varney told Haan, head of Gasbuddy’s oil analysis.
“And who will have an impact?” Continued. “Mainly, the large lakes of the Great Lakes could see that gas prices fired more than $ 0.20 in the gallon. Much of this Canadian raw flow directly to areas such as the Great Lakes, the Midwest, the regions of the Rocky mountains, where it may be difficult to find different sources of raw. “
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Gas prices (Istock / istock)
“That said, the pressure on Canada is undermining the price of western Canadian oil. Today, up to about $ 60 a barrel today, but this is likely to have a bit of sting for motorists in the great lakes, rockies and Midwest. “”
Even the north -East, which depends on the oil refineries of San Juan and Irving of Canada, could be successful.
“This would be an impact, however, on refined products, so that the north -east, subjected to those rates that end products such as diesel fuel and jet fuel, and gasoline flows from this Canadian refinery to the North -East of the United States, so there could also be some overflow in other regions, “said Haan.
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President Trump has long been threatened to impose 25% of rates in Canada and Mexico, two of the largest U.S. raw suppliers, unless the countries take steps to stop the flow of illegal immigrants and Fentanyl In the United States.
During his first press session on Tuesday, White House spokeswoman Karoline Leavitt reaffirmed Trump’s plan Impose the rates on February 1.
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Through the cycle, President John Lonski explains how the rates against Canada and Mexico will affect the North -American economy in “Varney & Co.”
Reuters contributed to this report.