All else equal, this would increase gasoline prices, which in most of the country have averaged $3 per gallon for the past year amid historically low levels of petroleum inventories (see chart). But Trump wants lower gasoline prices, which is why if the oil tariffs come at all, they will likely start slowly.

Oil futures ticked lower Friday and were on track for weekly losses as traders awaited a decision by President Donald Trump on tariffs on imports from Canada and Mexico.

ABC 10News reporter Olivia González-Britt explains how San Diego County is bracing for new tariffs on Mexico. Kennedy pledged that he would ‘never stick on a point if somebody shows [him] data that says [he’s] wrong’ About 795,000 Americans will have a stroke this year.

Patrick De Haan, head of petroleum analysis at GasBuddy, warned Americans in the Midwest, the Rockies and the Great Lakes regions may be most affected by tariffs on Canada.