Gas Prices Climb as Seasonal Trends and Global Tensions Add Pressure
Gas prices have increased for the fourth week in a row, reaching a national average of $2.94 per gallon as of early March 2026. That’s up from last month but still lower than a year ago.
The rise is mainly due to seasonal demand and growing global tensions, including recent U.S. action involving Iran. These factors are pushing oil prices higher and could send gas prices to $3 per gallon soon.
Prices vary by region, with the Gulf Coast the cheapest and the West Coast the most expensive. Central and southern states continue to have the lowest prices overall.
U.S. Auto Sales Hold Steady but Growth Remains Limited
U.S. new-vehicle sales in March 2026 are expected to stay steady at about 15.8 million (annual rate), similar to recent months. However, that’s down from last year, when sales were boosted by buyers rushing ahead of tariffs.
Canada’s Auto Industry Faces Ongoing Decline Despite Signs of Stability
Canada’s vehicle assembly industry has been declining for years. Back in 2000, production was about 2.9 million vehicles, but it has steadily dropped since then. Recently, new challenges made things worse, including tensions with the U.S. over trade and weaker demand for electric vehicles.