Trump tariffs on Canadian oil could impact these 3 US regions, gas analyst says

WASHINGTON - Americans in the three U.S. regions may want to brace for gas price hikes amid the U.S. tariffs against Canada, an energy expert warned. 

"[The impact would be] certainly unbalanced," Patrick De Haan, head of petroleum analysis at GasBuddy, told FOX Business' Stuart Varney on Friday.

RELATED: 10 things that could cost more under new tariffs

Here’s what to know: 

3 US regions could be impacted by Canadian oil tariffs 

What they're saying:

De Haan warned that the Midwest, Rockies and Great Lakes regions would likely be the most impacted. 

"Primarily, motorists in the Great Lakes could see gas prices shooting up in excess of $0.20 a gallon," De Haan told FOX Business. "A lot of that Canadian crude oil flows directly down into areas like the Great Lakes, the Midwest, the Rocky Mountains regions, where it may be difficult to find different sources of crude oil."

"Having said that, the pressure on Canada is undermining the price of western Canadian oil. It's down to about $60 a barrel today, but this certainly is still likely to have some bite for motorists in the Great Lakes, the Rockies and the Midwest."

FILE - A gas pump station is seen on Oct. 22, 2024, in Austin, Texas. (Photo by Brandon Bell/Getty Images)

Even the Northeast, which is reliant on Canada's St. John and Irving oil refineries, could potentially take a hit.

"That would be an impact, though, on refined products, so the Northeast could be subject to those tariffs that finalize products like diesel fuel and jet fuel, and gasoline does flow from that Canadian refinery to the northeastern United States as well, so there could be some spillover to other regions," De Haan explained.

Trump tariffs on Canada, Mexico and China

What we know:

President Donald Trump took executive action to impose new tariffs on imports from Canada, China and Mexico. He declared an economic emergency to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at 10%. 

The tariffs on the United States’ three largest trading partners will go into effect on Tuesday. He was set to speak with leaders of Canada and Mexico on Monday. 

Trump had long threatened to impose the tariffs on Canada and Mexico unless the countries take action to stop the flow of illegal immigrants and fentanyl into the U.S.

Dig deeper:

The tariffs reach across the U.S. market. To name a few: oil and lumber from Canada; produce, clothing, liquor and auto parts from Mexico; plastics, textiles and computer chips from China.

Trump’s order contained no mechanism for granting exceptions to U.S. importers.

Underscoring the potential effects, Canada provides more than 4.3 million barrels of oil a day to the United States. The U.S. tends to consume about 20 million barrels a day, according to the U.S. Energy Information Administration. It has been producing domestically about 13.2 million barrels daily.