Alberta's premier says Americans will pay a lot more for gas if Trump applies 25% tariffs on Canada [View all]

Source: The Independent

Thursday 19 December 2024 23:47 GMT


The premier of Canada's oil-rich province of Alberta said on Thursday that Americans will pay a lot more for gas if President-elect Donald Trump imposes a 25% tariff on all Canadian products.

Alberta Premier Danielle Smith said in an interview with The Associated Press that American refineries won't have much choice but to increase the price of gas. Alberta provides 4.3 million barrels of oil a day to the United States. “We would be responsible for about 25% of the American need for energy,” Smith told the AP.

The U.S. tends to consume about 20 million barrels a day, according to the U.S. Energy Information Administration. It has also been producing domestically about 13.2 million barrels daily.

“They are going to have to increase the price of gasoline by 25%," Smith said. "Do Americans really want to pay an extra buck a gallon on gasoline?” “The president-elect has also talked about his desire to keep things like fuel prices low," she added.

Read more: https://www.independent.co.uk/news/canada-ap-alberta-joe-biden-trump-b2667575.html