Americans are feeling pain at the gas pump again, and consensus is rising that the pain won’t be easing anytime soon. If traders, analysts and industry executives are right, consumers could be looking back on the current AAA national average price of $3.54 (as of March 28) with nostalgia in a couple of years.
The previous worldwide gasoline usage peak was in 2019 before the Pandemic.
• Today, there are 30 million EVs on the world’s roads that are owned by the elites that can afford them, and are mainly 2nd vehicles parked in the garage, or with low mileage usage, vs the high mileage workhorse vehicles that are internal combustion engines.
• Today, there are also hundreds of millions of workers that now work virtually since the Pandemic and thus do not “drive” to work as often.
Well, even with those 30 million EV’s and millions of workers not driving as much, gasoline usage continues to rise. The International Energy Agency (IEA) reports that global gasoline consumption in 2023 blew past the pre-lockdown 2019 peak !
By re-enforcing the mandates to EV’s, Biden is forcing automobile manufacturers into a death spiral, as most of the 8 billion on this planet will never be able to afford an EV !
The previous worldwide gasoline usage peak was in 2019 before the Pandemic.
• Today, there are 30 million EVs on the world’s roads that are owned by the elites that can afford them, and are mainly 2nd vehicles parked in the garage, or with low mileage usage, vs the high mileage workhorse vehicles that are internal combustion engines.
• Today, there are also hundreds of millions of workers that now work virtually since the Pandemic and thus do not “drive” to work as often.
Well, even with those 30 million EV’s and millions of workers not driving as much, gasoline usage continues to rise. The International Energy Agency (IEA) reports that global gasoline consumption in 2023 blew past the pre-lockdown 2019 peak !
By re-enforcing the mandates to EV’s, Biden is forcing automobile manufacturers into a death spiral, as most of the 8 billion on this planet will never be able to afford an EV !
In the UK, they are currently, on average, £1.50 per litre