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.
Since most everyone is 100% wrong about this:
Yes. They will get cheaper. As demand for a commodity goes down, it’s price goes down. This is literally economics 101.
There is no scenario where a decreasing dand leads to higher prices. There is literally no historical counterexample.
Not only that, but gasoline is notoriously demand sensitive. Even a 1% change in demand moves the price quite a lot.