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Gas prices to spike 'at least 10% overnight' under Trump's tariffs, expert saysン

Gas prices to spike 'at least 10% overnight' under Trump's tariffs, expert says

The nationwide average price for regular fuel dipped 0.1 cents per litre between Jan. 23 and Jan. 30. · DjordjeDjurdjevic via Getty Images

Gas prices were virtually flat across most Canadian cities over the past week, according to data from Kalibrate. Of course, the pause could be short-lived. Saturday is the earliest date given by U.S. President Donald Trump to hit Canadian imports with a 25 per cent tariff.

The nationwide average price for regular fuel dipped 0.1 cents per litre between Jan. 23 and Jan. 30. The biggest increases were in Abbotsford, B.C., and Edmonton. The weekly discounts were largest in Winnipeg, and Sarnia, Ont.

Trump's tariffs against Canada and Mexico could begin on March 1, Reuters reported on Friday, citing unnamed sources familiar with White House planning. On Thursday, Trump said he would soon decide whether to exclude Canadian and Mexican oil imports from the 25 per cent tariff he's vowed to impose. Economists and industry experts have warned such a move would send gas prices soaring on both sides of the border.

"Applying a 25 per cent tariff on this crude will increase pump prices by at least 10 per cent. Not next month. Not next week, but overnight," En-Pro International chief petroleum analyst Roger McKnight wrote in a blog.

Location	Jan. 23	Jan.30	Price Change
Canada Average (V)	160.3	160.4	0.1
WHITEHORSE	179.9	179.9	0
VANCOUVER*	182	186	4
VICTORIA	179.9	179.9	0
PRINCE GEORGE	162.6	161.2	-1.4
KAMLOOPS	167	167	0
KELOWNA	167.1	164.9	-2.2
FORT ST. JOHN	171.7	169.4	-2.3
ABBOTSFORD	164.5	173	8.5
YELLOWKNIFE	162.9	162.9	0
CALGARY*	149.3	150.6	1.3
RED DEER	149.7	147.9	-1.8
EDMONTON	143.1	147.6	4.5
LETHBRIDGE	151	147.4	-3.6
LLOYDMINSTER	149.9	149	-0.9
GRANDE PRAIRIE	153.1	149.5	-3.6
REGINA*	151.8	151	-0.8
SASKATOON	151.9	151.9	0
PRINCE ALBERT	150.9	151.4	0.5
MOOSE JAW	151.9	151.9	0
WINNIPEG *	155.9	147.8	-8.1
BRANDON	144.4	143.1	-1.3
CITY OF TORONTO*	155.8	155.8	0
BRAMPTON	155.3	155.5	0.2
ETOBICOKE	155	155.1	0.1
MISSISSAUGA	154.5	154	-0.5
NORTH YORK	155.8	155.7	-0.1
SCARBOROUGH	155.2	155.3	0.1
VAUGHAN/MARKHAM	155.6	155.2	-0.4
OTTAWA	155.5	156.3	0.8
KINGSTON	149.7	147	-2.7
PETERBOROUGH	156	150.8	-5.2
WINDSOR	154.9	154.6	-0.3
LONDON	155.7	155.4	-0.3
SUDBURY	153.4	152.7	-0.7
SAULT STE MARIE	149.4	149.4	0
THUNDER BAY	157.5	153.6	-3.9
NORTH BAY	163.3	159.7	-3.6
TIMMINS	167.6	164.7	-2.9
HAMILTON	154.1	152.8	-1.3
ST. CATHARINES	153.2	151.9	-1.3
BARRIE	154.4	154.4	0
BRANTFORD	153.2	153.8	0.6
GUELPH	154.3	154.1	-0.2
KITCHENER	153.2	152.7	-0.5
OSHAWA	155.4	155.5	0.1
SARNIA	153.9	147.7	-6.2
MONTRÉAL*	163.4	162.4	-1
QUÉBEC	161.7	160.3	-1.4
SHERBROOKE	162	161	-1
GASPÉ	162.7	162.4	-0.3
CHICOUTIMI	143.7	142.6	-1.1
RIMOUSKI	159.4	155.4	-4
TROIS RIVIÈRES	161.1	159	-2.1
DRUMMONDVILLE	152.7	149.9	-2.8
VAL D'OR	165.6	165.6	0
GATINEAU	151.4	149.4	-2
SAINT JOHN*	163.7	165	1.3
FREDERICTON	164.1	165.6	1.5
MONCTON	164.4	165.8	1.4
BATHURST	164.2	165.1	0.9
EDMUNDSTON	163.3	164.8	1.5
MIRAMICHI	165.5	167.1	1.6
CAMPBELLTON	163.9	161.9	-2
SUSSEX	164	165.5	1.5
WOODSTOCK	165.4	167	1.6
HALIFAX*	166.2	165.3	-0.9
SYDNEY	168.1	167.3	-0.8
YARMOUTH	167.2	166.4	-0.8
TRURO	167.3	166.5	-0.8
KENTVILLE	166.7	165.9	-0.8
NEW GLASGOW	167.3	166.5	-0.8
CHARLOTTETOWN*	175	175	0
ST JOHNS*	172.9	169.9	-3
GANDER	175.5	172.5	-3
LABRADOR CITY	179.6	176.6	-3
CORNER BROOK	173.7	170.7	-3
GRAND FALLS	175.5	172.5	-3