Gas Prices

[txab]

$2.49 but price will be going up today at many locations

[diyer2]

3.15 85 oct. no discount

[Grumpy Bear]

Trending up a few cents a day. Easter coming I expect. No more stations under $3. 

[customboss]

Will lower fuel prices compensate for these changes?  GM gets a big impact because of Canada tariffs? 

 

https://fortune.com/2025/03/29/trump-auto-tariffs-permanent-carmakers-price-hikes/

 

Trump says auto tariffs are permanent and doesn’t care if they cause carmakers to hike prices — ‘I hope they raise their prices’

BYJason Ma

March 29, 2025 at 5:44 PM MDT

 

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•  
•  
•  

President Donald Trump and General Motors CEO Mary Barra in Ypsilanti, Michigan, in 2017.

Nicholas Kamm—AFP via Getty Images

 

• President Donald Trump shrugged off concerns that his auto tariffs will cause carmakers to raise prices, saying he couldn’t care less if they do. In an interview with NBC News, he added that, “I hope they raise their prices, because if they do, people are gonna buy American-made cars.” But even cars assembled in the US have foreign-made parts.

President Donald Trump said his new auto tariffs are permanent and shrugged off concerns that they will cause carmakers to raise prices.

 

In an interview with NBC News on Saturday, he was asked about a recent Wall Street Journal report that said he warned auto CEOs not to hike prices while discussing tariffs with them.

“No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars,” Trump replied.

He added, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”

Trump later said if prices on foreign cars go up, then consumers will buy American cars.

 

He also confirmed the tariffs are here to stay, saying, “Absolutely, they’re permanent, sure. The world has been ripping off the United States for the last 40 years and more. And all we’re doing is being fair, and frankly, I’m being very generous.”

Foreign-made auto parts would also be hit with a 25% tariff, but vehicles and parts imported under the US-Mexico-Canada Agreement trade deal will not see duties until the government establishes a process for imposing them, the White House has said.

While more than half the value of imported auto parts came from Mexico and Canada last year, over $70 billion came from areas not covered by the USMCA pact, including Asia and Europe, according to data from the International Trade Association cited by the Associated Press.

US and foreign automakers have closely integrated supply chains that span North America. During the manufacturing process, cars and parts can cross between the US, Mexico and Canada multiple times.

Even Trump ally Elon Musk has warned that Tesla, which manufactures all of its cars sold in the US domestically, will be affected by the auto tariffs.

Wedbush Securities analyst Dan Ives has estimated that car prices could go up by $5,000 to $10,000 because of the auto tariffs, depending on whether a vehicle is a mass-market or premium brand.

“Every automaker in the world will have to raise prices in some form selling into the U.S., and the supply-chain logistics of this tariff announcement heard around the world is hard to even put our arms around at this moment,” he wrote in a research note on Friday.

 

While the White House has said tariffs are meant to revitalize the US industrial base, Ives is skeptical that car manufacturing can be completely reshored.

 

That’s because even cars built in America come equipped with foreign-made parts and components that constitute 40% to 50% of their value. 

“A U.S. car with all U.S. parts made in the U.S. is a fictional tale not even possible today,” he added.

 

Edited March 30, 2025 by customboss

[KARNUT]

8 minutes ago, customboss said:

Will lower fuel prices compensate for these changes?  GM gets a big impact because of Canada tariffs? 

 

https://fortune.com/2025/03/29/trump-auto-tariffs-permanent-carmakers-price-hikes/

 

Trump says auto tariffs are permanent and doesn’t care if they cause carmakers to hike prices — ‘I hope they raise their prices’

BYJason Ma

March 29, 2025 at 5:44 PM MDT

 

•  
•  
•  
•  

President Donald Trump and General Motors CEO Mary Barra in Ypsilanti, Michigan, in 2017.

Nicholas Kamm—AFP via Getty Images

 

• President Donald Trump shrugged off concerns that his auto tariffs will cause carmakers to raise prices, saying he couldn’t care less if they do. In an interview with NBC News, he added that, “I hope they raise their prices, because if they do, people are gonna buy American-made cars.” But even cars assembled in the US have foreign-made parts.

President Donald Trump said his new auto tariffs are permanent and shrugged off concerns that they will cause carmakers to raise prices.

 

In an interview with NBC News on Saturday, he was asked about a recent Wall Street Journal report that said he warned auto CEOs not to hike prices while discussing tariffs with them.

“No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars,” Trump replied.

He added, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”

Trump later said if prices on foreign cars go up, then consumers will buy American cars.

 

He also confirmed the tariffs are here to stay, saying, “Absolutely, they’re permanent, sure. The world has been ripping off the United States for the last 40 years and more. And all we’re doing is being fair, and frankly, I’m being very generous.”

Foreign-made auto parts would also be hit with a 25% tariff, but vehicles and parts imported under the US-Mexico-Canada Agreement trade deal will not see duties until the government establishes a process for imposing them, the White House has said.

While more than half the value of imported auto parts came from Mexico and Canada last year, over $70 billion came from areas not covered by the USMCA pact, including Asia and Europe, according to data from the International Trade Association cited by the Associated Press.

US and foreign automakers have closely integrated supply chains that span North America. During the manufacturing process, cars and parts can cross between the US, Mexico and Canada multiple times.

Even Trump ally Elon Musk has warned that Tesla, which manufactures all of its cars sold in the US domestically, will be affected by the auto tariffs.

Wedbush Securities analyst Dan Ives has estimated that car prices could go up by $5,000 to $10,000 because of the auto tariffs, depending on whether a vehicle is a mass-market or premium brand.

“Every automaker in the world will have to raise prices in some form selling into the U.S., and the supply-chain logistics of this tariff announcement heard around the world is hard to even put our arms around at this moment,” he wrote in a research note on Friday.

 

While the White House has said tariffs are meant to revitalize the US industrial base, Ives is skeptical that car manufacturing can be completely reshored.

 

That’s because even cars built in America come equipped with foreign-made parts and components that constitute 40% to 50% of their value. 

“A U.S. car with all U.S. parts made in the U.S. is a fictional tale not even possible today,” he added.

 

I can’t wait for this stuff to come together. I know the smartest people are on it. Some old naysayers are now with it. Can’t say I understand all of it. But can’t be a bad thing for everything to come back in house. We’ll se

[customboss]

12 minutes ago, KARNUT said:

I can’t wait for this stuff to come together. I know the smartest people are on it. Some old naysayers are now with it. Can’t say I understand all of it. But can’t be a bad thing for everything to come back in house. We’ll se

Supply chains take years to adjust but hoping and praying you are correct. 

[customboss]

Has anyone gone out recently to buy a new GM truck or SUV?  Are prices jacked up? 

 

 

[KARNUT]

13 minutes ago, customboss said:

Has anyone gone out recently to buy a new GM truck or SUV?  Are prices jacked up? 

 

 

Big discounts here. I’m not buying new anymore. The old stuff is more fun 

[KARNUT]

2.61 today 

[txab]

Still holding at $2.49

[richard wysong]

txab, why did you think it was going to go up Friday?

[txab]

Basing it off what I was seeing in other areas of Tx. DFW pricing jumped .25. Usually, here, when Murphy's and one or two others boost prices, other highly competitive retailers follow with their own increases. It never jumps .25, here, but it might jump a dime one day and then a few days later a few more cents. Didn't happen this time

 

As of now DFW locations are slowly dropping .03-.04 cents, but they generally are always a dime higher then my location in Abilene.

 

Early driving years, DFW always had the lowest prices and ours was high. Everyone complained about our "Cartel" here, which was basically true. Now, since we have fuel dispensers from outside the area, harder to raise the prices and have them hold.

 

Much more diverse now

Edited March 31, 2025 by txab

[CamGTP]

Dealers here have some Chevy trucks discounted anywhere from $8,000 to $11,500 off MSRP. A crew cab V8 truck in a LT can be had for right around $47-48k, a turbo max truck is a few grand less.

 

With fuel prices, I've seen stations jump as much as 40 or 50 cents in a single day, it's absurd if you ask me. More than half the stations won't move at all but a certain chain will have a huge spike for no real reason and then slowly come back down. I also find it dumb that these places say it's because the oil price might go up, but usually that doesn't happen or if it does it's going up $1-2 a barrel one day and it's down the next. Then you look at the US gasoline price on the stock market, it's barely changed and it's for future prices when you look at it. So the prices that these stations are buying it at has already been set, and stations have to buy large amounts of fuel in advance.

 

So when they jack prices way up, they already payed a much lower price for that fuel and all it is, is a giant cash grab to increase profits. Not that what I'm saying here is anything really new but it's just crazy to see the rate at which these stations will spike prices. I remember in probably 2007-2009 time frame, it was big news when a station went up a mere 5 cents or maybe even 10 cents. Now it's so normal to see prices jump up and down 20-30 cents in a 7 day time frame.

 

Prices around me range from $2.83 all the way to $3.39 a gallon for the same 87 octane that comes from the same place just outside the twin cities metro.

[diyer2]

Still $3.15 - 85 oct. no discount in our small town.

[Black02Silverado]

Currently $2.99 here in Western PA.  When I left NC on Saturday it was $2.64