General Motors says gas price hikes not impacting sales

• Reuters

• Published On Mar 18, 2026 at 07:34 PM IST

The ⁠price of the average U.S. gallon of gasoline has risen 27 per cent since late February.

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General Motors hasn’t seen much shift in sales following gas price increases as a result of the ‌war ⁠in Iran, ⁠the automaker’s finance chief said on Wednesday.

CFO Paul Jacobson said weather and lower inventory, especially of trucks while GM is prepping to launch new full-size ⁠versions, affected ‌first-quarter sales more than other factors.

“Usually it takes ⁠four to six months of sustained high oil prices before people start to think, ‘Maybe I should go for less mileage, or maybe I should buy down,’ I don’t ‌think we see that,” he said at a Bank of America Conference. The ⁠price of the average U.S. gallon of gasoline has risen 27 per cent since late February, up to $3.72, the U.S. Energy Information Administration said on Tuesday.