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BNO
CNBC
189 days

Why U.S. gasoline prices could rise if Trump slaps tariffs on Canadian crude oil next month

1. Trump's tariffs could raise gasoline prices for U.S. drivers. 2. U.S. depends heavily on Canadian crude, importing 60%. 3. Refiners may pass costs onto consumers, increasing prices by 15 cents. 4. Local shortages could spike prices over 30 cents per gallon. 5. Canadian oil producers have alternatives, increasing potential supply risks.

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FAQ

Why Bullish?

Rising gasoline prices can elevate BNO demand as it tracks oil futures. Past tariff announcements led to similar price reactions in oil markets.

How important is it?

The article discusses significant factors impacting crude oil pricing, directly affecting BNO's performance. Tariffs represent a major shift in trade dynamics for oil.

Why Short Term?

Immediate market reactions to tariffs are likely to occur quickly. Historical tariffs on imports have shown rapid price shifts following announcements.

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