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Everyone seems to assume gas is going to stay cheap, then it goes up and people driving F350s w/15 MPG to/from their office jobs get upset. Drive what you want
by throwaway5959 3y ago
Everyone seems to assume gas is going to stay cheap, then it goes up and people driving F350s w/15 MPG to/from their office jobs get upset. Drive what you want but don’t complain when OPEC decides to go to war with Israel and oil doubles in price. We’ve seen this play out so many times since 2000.
- bradleyjg 3y agoIf I want to bet on the future price of oil, I’ll do it with ETFs not my car purchase.
- throwaway5959 3y agoGreat, buy what you like.
- jillesvangurp 3y agoIt's not just the price. The thing that many people forget about is that with double digit percentages in demand changes for petrol and diesel happening over the next few years is that a lot of struggling petrol stations are not going to survive the EV transition. You take away 20-30% of their business and inevitably that's going to wipe out a few of them. You can expect to have to take increasingly longer detours to get to a fuel station. Expect that to happen in the most remote/rural areas first; places with the least amount of business. And it's not going to stop at 20-30% of course. The resulting range anxiety is possibly going to be a major driver for EV adoption in such areas.
- nradov 3y agoNorth America is largely self sufficient in crude oil. If there was another supply shock due to a war in the Middle East or whatever then the US federal government would reimpose the export ban to hold down domestic prices. Retail prices would rise a little but doubling isn't realistic.
- throwaway5959 3y agoI always get in trouble when I try to use hyperbole to explain a broader trend.