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rootusrootus 8 hours ago

I think the future of gas prices looks ... interesting. In the short term we have the war jacking the price up, but in the medium term the increasing popularity of EVs pushes down demand and along with it prices. For a time. Until we start permanently turning off capacity, at which point prices start going back up again. I'm obviously no expert, but I envision the process of going ICE->EV being a series of waves, ebb & flow, as fuel prices react.

Ajedi32 8 hours ago | parent [-]

Unlike wars, EV adoption is a slow, steady, relatively predictable process. I don't think it'll have a very noticeable impact on gas prices the way short term crisis tend to.

The much more noticeable factor will be reducing how many people even care about gas prices in the first place.