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.
I think no. In fact the projection I’ve seen somewhere(unfortunately lost the reference to) is that when demand drops, the cost of gasoline will likely to increase, due to the operating cost of the refineries is still there and most of them still has around 30-50 years of designed lifespan to them.
And it’s likely not only gasoline fuel price going to increase, but all the products/byproducts of the petroleum processing chain, like plastic for instance.
For gasoline you also have all the transportation infrastructure that has fixed costs l, but is distributing less product.
Yeah. Someone mentioned the other day that 40% of the natural gas was used to transport natural gas…
That’s a dubious number. Pumping through a pipe is far more efficient than hauling gas on a roadway with trucks
You forgot the LNG ships
Did you forget crude ships?