API seeks to protect oil from Trump tariffs

API seeks to  protect oil from  Trump tariffs
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The CEO of the American Petroleum  Institute spoke about fuel costs  and artificial intelligence at a conference  Thursday.
Mike Sommers, CEO of the American Petroleum  Institute. Mike Sommers, CEO of the American Petroleum Institute. Nathan  Howard/AP
The CEO of the American Petroleum  Institute, Mike  Sommers, said Thursday that his trade group is working to ensure that crude oil is excluded from a potential tariff  war between the United States and its  neighbors.
Sommers pointed  the finger at gasoline, telling reporters  that it was "important to keep  gasoline prices  low in the United States." Analysts say refiners  are likely  to pass  on the cost of any tariffs to U.S. customers, meaning prices at the pump could  rise. "We import a lot of oil from Mexico and  Canada and  process it here in the most sophisticated  refining system in the world," Sommers said on the sidelines of  an American Energy Association event in Washington.  "We will continue to work with the Trump administration on this  issue so they understand how important it is  for us to continue these  trading relationships."
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Premier Smith reported during my recent trip to Washington, D.C., I had a meeting with the American Petroleum Institute. Their worries about the potential effects of tariffs on the US economy, gasoline, and the millions of jobs that depend on sustaining cross-border energy commerce are ones that I share.
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