Will Trump’s Proposed Tariffs Cause Gas Prices to Go Up in California? What Experts Say
December 28, 2024
The Sacramento Bee
Severin Borenstein, Energy Institute Faculty Director shares his insight with The Sacramento Bee on the potential impact of President-elect Donald Trump’s proposed tariffs on gasoline prices in California.
“Severin Borenstein, an energy economist at UC Berkeley, also saw a risk to gasoline price stability. ‘If it were just tariffs on Canada and Mexico, I think it would lead to a reallocation of shipments into California from other countries,’ he said. ‘But I think it is unlikely it would be just Canada and Mexico. If the tariffs were on all imported oil, then I think it would pretty much translate one for one to gasoline prices.'”
Photo: sacbee.com