Trump's tariff plan angers many? US oil industry warns: rbob gasoline costs rise exacerbating consumer burden

① President-elect Trump of the usa threatens to impose a 25% tariff on products from Mexico and Canada, causing concerns in the oil rbob gasoline industry; ② U.S. refineries highly rely on crude oil imports. The American Petroleum Institute warns that tariffs will raise refining costs and gasoline prices, exacerbating consumer burden; ③ Analysts believe the likelihood of Trump implementing the tariff plan is small.

cls.cnNov 27 22:54 ET

Oil Prices Steady Amid US Gasoline Stock Build And OPEC+ Uncertainty

Business TodayNov 27 18:42 ET

Trump's Tariff Plan Threatens Higher US Gasoline Prices

BNN BloombergNov 27 13:20 ET

Trump's Tariff Bombshell: Could U.S. Gas Prices Skyrocket?

Yahoo FinanceNov 27 08:09 ET

Trump's Tariff Threat To Canada May Disrupt Oil Markets, Inflate Prices: 'Would Likely Raise The Price Of Fuels,' Says Analyst

BenzingaNov 27 08:01 ET

Goldman Sees 'Significant' Hit to US From Trump's Canada Tariffs

BNN BloombergNov 27 00:02 ET