Hey kids! Have you heard about rising gas prices? It's all connected to some new taxes on things we import from other countries. These taxes, called tariffs, make imported goods more expensive.
The US put new taxes on gas and oil from Canada and Mexico. This means gas stations will have to pay more for fuel.
This will affect how much you pay to fill up your parents' cars!
- Higher taxes on gas from other countries.
- Gas prices are going up in the US, especially in the Northeast.
- This could add 20-40 cents to the price of a gallon of gas.
| Item | Number |
|---|---|
| New Gas Price Increase (Northeast) | 20-40 cents/gallon |
| Current Gas Price (Northeast) | Around $3/gallon |
| Tariff on Canadian Energy | 10% |
