Earlier this year, when gas prices went to record levels, it was hard to get ahold of an EV of any kind at dealers. People realized that oil companies had them by the shorts, and
you can only adjust your household budget so much before the gas man is taking money that should have gone to the grocery man. But, feeling public pressure, governments and industry took action to get prices down again.
What makes this particularly sad is that prices are still high. Compared to what we all saw in June, with averages of over $5 a gallon and much higher prices in California, paying an average of $3.68 doesn’t sound that bad at all. But, think back to what it cost to buy gas a year ago, and you’ll go back to being annoyed by it if you’re still relying on the stuff for your regular commute.
While the dropping prices have come to a halt, we can’t predict what will happen next. Futures trading shows that there’s expectation of continued reductions in prices, so this may be a temporary and small rise that could be followed by gas continuing to get cheaper. But, oil and gasoline are subject to market forces, the actions of cartels, geopolitics, and many other factors that we can’t control or predict with any real degree of accuracy.
As you can see, gas and diesel prices, on a per-mile basis, swing wildly. Electricity prices, on the other hand, are only subject to very mild and predictable seasonal ups and downs. Plus, the prices have always been lower per mile than gasoline even during times when gas was at its cheapest.
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