Statewide Iowa – Iowa farmers, consumers and others are watchful for any impact that may be coming from tariffs President Trump is proposing on trade partners. A new ten-percent tariff is being imposed on China, while planned tariffs on Mexico and Canada are paused for a month, but they could still be enacted. Brian Ortner, spokesman for Triple-A-Iowa, says gasoline prices haven’t fluctuated far, as yet.
Reports show Canada and Mexico, combined, supply more than 71% of U.S. crude imports, with Canada making up 60%. During July of 2024, U.S. crude imports reached record levels, hitting 4.3 million barrels a day, according to the Energy Information Administration. Ortner says if tariffs -are- imposed next month on Canada and Mexico, Iowa drivers could face a bigger expense when filling the tank — or perhaps not.
Triple-A says gas prices in Iowa are averaging two-97 a gallon today, while they were at two-95 a week ago, so they’ve only risen two cents a gallon since the tariffs were first announced.
The national average for gas is three-12 a gallon. Gas prices statewide are varied, with the cheapest gas in Council Bluffs at $2.90 and the most expensive in Dubuque at $3.10.
