{"id":270189,"date":"2025-02-02T05:27:30","date_gmt":"2025-02-02T05:27:30","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/02\/02\/canadian-oil-tariffs-and-gas-prices\/"},"modified":"2025-06-25T17:09:30","modified_gmt":"2025-06-25T17:09:30","slug":"canadian-oil-tariffs-and-gas-prices","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/02\/02\/canadian-oil-tariffs-and-gas-prices\/","title":{"rendered":"Canadian Oil, Tariffs, and Gas Prices"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-55468\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Should\u2019a bought that EV! <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7291637295382736896\/\">Joseph Brusuelas<\/a> notes tariffs should show up in gas prices in the Midwest pretty quick.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/1738461801632.jpg\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-55469\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/1738461801632.jpg\" alt=\"\" width=\"887\" height=\"747\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/1738461801632.jpg 887w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/1738461801632-300x253.jpg 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/1738461801632-768x647.jpg 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/1738461801632-624x526.jpg 624w\" sizes=\"(max-width: 887px) 100vw, 887px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7291637295382736896\/\">Brusuelas (2025)<\/a>.<\/em><\/p>\n<p>Current price is about $3\/gallon.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/PADD2_gasolineprices.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-55470\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/PADD2_gasolineprices.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/PADD2_gasolineprices.png 800w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/PADD2_gasolineprices-300x225.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/PADD2_gasolineprices-768x576.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/02\/PADD2_gasolineprices-624x468.png 624w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> EIA.<\/em><\/p>\n<p>If the current price of petroleum (WTI) is $73.51. An increase in prices of 10% due to tariffs results in a $7.35 increase. This implies a 18 cent increase in gasoline prices from the tariffs, using <a href=\"https:\/\/econbrowser.com\/archives\/2013\/07\/brentwti_spread_2\">Jim\u2019s rule of thumb<\/a>.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/02\/canadian-oil-tariffs-and-gas-prices\" title=\"8:39 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-02-01T20:39:45-08:00\">February 1, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/02\/canadian-oil-tariffs-and-gas-prices\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Should\u2019a bought that EV! Joseph Brusuelas notes tariffs should show up in gas prices in the Midwest pretty quick. Source: Brusuelas (2025). Current price<\/p>\n","protected":false},"author":1,"featured_media":270190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/270189"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=270189"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/270189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/270190"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=270189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=270189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=270189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}