Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
At first prices may decline, but then they’ll go sky high.
The initial decline will be because supply will increase.
The later increase will be because fewer production facilities will be operating and their fixed costs to run will be spread across fewer units produced.