Energy & Environment — What do Trump's tariffs mean for gas prices?

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View Online Energy & Environment Energy & Environment The Big Story  Trump tariffs could raise fuel prices President Trump's tariffs on Mexico and Canada could raise energy prices for U.S. consumers. © Jenny Kane, Associated Press On Tuesday, tariffs against both of America's neighbors took effect. The broader tariffs included a 10 percent levy on Canadian energy and a 25 percent levy on Mexican energy.   While the U.S. imports more oil from Canada than any other country, some U.S. regions are particularly reliant on Canadian oil — and analysts say that consumers in these regions could see price hikes.    Andrew Lipow, of consulting firm Lipow Oil Associates, told The Hill that in the short term, gasoline prices in New England could jump by between 15 and 25 cents per gallon.   He noted that this region imports significant quantities of Canadian gasoline.    The last time it looked like tariffs were about to take effect, GasBuddy's Patrick De Haan warned that the New England region could also face spikes in the price of heating oil used in homes.    Meanwhile, the Midwest and the Rocky Mountains are also dependent on Canadian oil. Refineries in those locations import significant amounts of Canadian crude that they turn into gasoline.   Lipow said it's not entirely clear how much of the tariff will fall on consumers in those regions and how much of the costs will be absorbed by Canadian oil companies.    "What is unclear right at the moment is will the tariffs force the Canadian producer to simply reduce the price of their oil to offset the tariff charge," Lipow said.    Read more at TheHill.com. Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Supreme Court sides with San Francisco on EPA water discharge rules The Supreme Court ruled 5-4 Tuesday that the Environmental Protection Agency's (EPA) rules for the city of San Francisco under the Clean Water Act on raw sewage discharge are overly vague, siding with the city after it appealed a lower court's decision.  Full Story Canadian premier says he will cut off electricity exports to US 'with a smile on my face' Ontario Premier Doug Ford said Monday he is prepared to cut off electricity exports to the U.S. if President Trump's 25 percent tariffs on Canadian goods go through.  Full Story Key Republican lays out ideas for FEMA reform Rep. Dale Strong (R-Ala.) outlined several possible ideas for overhauling the Federal Emergency Management Agency (FEMA) during a House hearing on Tuesday.  Full Story In Other News  Branch out with a different read from The Hill: OPM walks back memo on firing probationary employees, leaving decision to agencies The Office of Personnel Management on Tuesday updated its guidance to department heads that demanded the firing of federal workers, adding that it's up to the agency on whether to boot their hires. Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: Trump Administration Said to Drop Lawsuit Over Toxic Chemical (The New York Times)   America's avocado obsession is destroying Mexico's forests. Is there a fix? (Grist) World's largest iceberg — on collision course with remote penguin island — runs aground (CBS News) On Tap  Upcoming news themes and events we're watching: Tonight, President Trump will deliver an address to Congress. Tomorrow, the Supreme Court will hear oral arguments in a case about the legality of the Nuclear Regulatory Commission licensing private companies to store nuclear waste. Tomorrow, the Senate Environment and Public Works Committee will hold a confirmation hearing on Trump's picks for the EPA's No. 2 official and the leader of its air and radiation office. Tomorrow, the House Energy and Commerce Committee will hold a hearing on "Meeting the Demand for Reliable, Affordable Electricity." What Others are Reading  Two key stories on The Hill right now: Lutnick: Trump may announce tariff compromise with Canada, Mexico on Wednesday Commerce Secretary Howard Lutnick said President Trump may announce a compromise with Canada and Mexico on Wednesday, the day after he imposed 25 percent tariffs on the two neighboring countries. Read more Ukraine selling T-shirts with Zelensky quote from Trump-Vance meeting The Ukrainian government has launched a T-shirt fundraising effort seeking to capitalize on Ukrainian President Volodymyr Zelensky's now-infamous Oval Office meeting Friday with President Trump and Vice President Vance. Read more   You're all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? 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