this post was submitted on 31 Jan 2025
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Politics

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[โ€“] [email protected] 19 points 1 week ago (1 children)

Around 40% of the crude that runs through US oil refineries is imported, and the vast majority of it comes from Canada.

Does this mean gas prices will go up? Heating bills?

[โ€“] [email protected] 19 points 1 week ago* (last edited 1 week ago)

And fruits/veggies, and cars (many parts are imported before final assembly), and even medical devices.

Welcome to the next market downturn.