Alberta Premier Danielle Smith warns that American gas prices will rise by 25% if President-elect Donald Trump imposes tariffs on all Canadian products. Smith emphasizes that Alberta supplies 4.3 million barrels of oil daily to the U.S., and American refineries will struggle to avoid price increases. She questions whether Americans are willing to pay an extra dollar per gallon for gasoline, highlighting Trump's stated desire to keep fuel prices low.
By Rob Gillies, Associated PressAlberta Premier Danielle Smith addresses the media after a panel discussion about arctic energy issues with Governor Mike Dunleavy on Monday, May 20, 2024 during the Alaska Sustainable Energy Conference at the Dena'ina Civic and Convention Center in Anchorage.
“They are going to have to increase the price of gasoline by 25%,” Smith said. “Do Americans really want to pay an extra buck a gallon on gasoline?” “I would humbly argue that Canada is a better friend and ally than any of those jurisdictions,” she added. Smith would love to get more pipelines approved during Trump’s tenure. She noted Alberta’s government took a billion dollar hit when Keystone XL was nixed as the government backstopped costs.
Canada has 34 critical minerals and metals that the Pentagon is eager for and is also the largest foreign supplier of steel, aluminum and uranium to the U.S. Smith also addressed the uncertainty in Ottawa with Canadian Prime Minister Justin Trudeau facing calls from within his own party to resign.
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