U.S. Fuel Prices Drop Below $3 but May Rebound Soon
The national average for gasoline has fallen to $2.99 per gallon, marking a 1.4-cent decrease from last week, 14.8 cents from last month, and 6.6 cents from a year ago, according to GasBuddy data from over 150,000 gas stations. Patrick De Haan, head of petroleum analysis at GasBuddy, cautioned that this dip below $3 will be short-lived. He cited refinery issues in the Great Lakes and California that could cause regional price rebounds. Meanwhile, OPEC+ announced an additional oil production increase for December but plans to pause further hikes through March, likely keeping national averages in the low-$3 range until refinery problems ease.
As of November 3, regional prices reported by the Energy Information Administration (EIA) were as follows: East Coast at $2.92, Midwest at $2.83, Gulf Coast at $2.51, Rocky Mountain at $2.94, and West Coast at $4.13. The East and West Coasts saw slight price increases this week.
According to AAA, the top ten cheapest states for regular gas are Oklahoma ($2.58), Mississippi ($2.58), Texas ($2.59), Louisiana ($2.60), Tennessee ($2.62), Arkansas ($2.62), Alabama ($2.76), Kentucky ($2.67), Missouri ($2.68), and South Carolina ($2.69). While prices have fallen nationwide, short-term refinery disruptions and OPEC+ decisions could slow or reverse the decline.
MY26 RAV4 Hybrid Sells Out in Under 24 Hours
The 2026 model year RAV4 Hybrid (MY26 RAV HEV) is completely sold out less than 24 hours after release, and no further orders will be accepted.
Quebec’s EV Market Shifts as Incentives Decline and National Sales Hold Steady
DAC’s focus on Quebec stems from the dramatic surge in ZEV sales in October 2024, when government incentives were set to drop, pushing sales to a record 43,000 units. A year later, incentives are again due to decline—though less drastically—and EV sales have cooled, despite renewed availability of the German-built Tesla Model Y, which is selling briskly. Nationally, Canada’s October 2025 market reached an estimated 159,000 units, a 1.8% dip from the Quebec-inflated total a year prior but still strong overall. DAC Managing Partner Andrew King noted the robust SAAR of 1.94 million, the best since early 2025, while cautioning that trade tensions, semiconductor concerns, and weak economic indicators may challenge sustained growth—especially with the Federal Budget announcement adding further uncertainty to the market outlook.