The Auto Industry Can Plan for $4 Gas; It Can’t Plan for Shifting Trade Rules
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Consumer sentiment and spending seem at odds. Confidence remains depressed, and yet spending continues to fuel the economy.
A simple explanation for this paradox is that consumers are spending more because they don’t have a choice, even if they aren’t happy about it. One example of this is driving.
Despite a 2026 average fuel price near $4.46 a gallon, Americans continue to add high mileage to their vehicles. Americans drove 3.32 trillion miles in 2025, which is a 1 percent increase year-over-
A simple explanation for this paradox is that consumers are spending more because they don’t have a choice, even if they aren’t happy about it. One example of this is driving.
Despite a 2026 average fuel price near $4.46 a gallon, Americans continue to add high mileage to their vehicles. Americans drove 3.32 trillion miles in 2025, which is a 1 percent increase year-over-
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