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.
Gas is so regulated and SUBSIDIZED, most people don’t realize that your taxes pay for everyone’s gas to be more affordable.
While I’m unsure just how much the subsidies affect consumer prices on gas, I suspect that it’s quite a bit. As more and more move to EVs, I doubt folks will want to continue to pay for gas subisidies, so the costs may actually rise.
A lot of gas subsidies are how cheap the leases are to drill. It’s supposed to be competitive bid to maximize returns to the government, but the oil companies just decide beforehand who leases what.