Gas prices have risen for the first time in a month, likely due to the seasonal transition to summer gasoline, with the national average now at $3.11 per gallon, according to the EIA. Prices remain 40 cents lower than last year, and experts note the increase is unrelated to politics or tariffs. Refinery maintenance discussions have been minimal, but the final steps in the summer fuel transition could push prices higher, though economic uncertainty may limit further spikes. Most regions saw price increases, with the Midwest and Gulf Coast rising by 12 and 11 cents, respectively, while the West Coast remained steady at $4.05. Mississippi leads as the cheapest state for gas at $2.67, and 21 states still have averages below $2.99, though this number has dropped significantly from last week.
Quebec Reinstates EV Rebates but Introduces New Fees in 2025 Budget
Quebec’s 2025 budget reinstates provincial zero-emission vehicle (ZEV) rebates up to C$4,000 starting April 1 after a two-month pause, but also introduces new costs for EV owners, including a $125 annual fee for battery-electric vehicles and the removal of toll and ferry exemptions in 2027. The rebate reduction in January led to a sharp drop in ZEV sales, though the return of incentives could revive demand temporarily. However, the program is set to phase out entirely by 2027, and luxury tax exemptions for ZEVs will also be eliminated for vehicles over $62,500. These measures aim to offset lost fuel tax revenue and are expected to generate nearly $200 million annually by 2029-30.
Subaru Announcement on Potential Tariff Impact
Subaru of America is actively evaluating the potential impact of new tariffs on their business. Tariffs inherently raise operating costs, and if new tariffs take effect on April 2, 2025, Subaru will be unable to guarantee current vehicle pricing for units drafted on or after that date.