• @R00bot
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    183 months ago

    How many EVs will it take for fuel prices to start decreasing? Or do prices only react to increased demand 🙃

      • @VirtualOdour@sh.itjust.works
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        293 months ago

        Which is amazing news for the planet, they’re greedy though so they’ll probably try and keep it cheap enough to keep people using and maximize profit.

        It’s going to be interesting when a large enough portion of cars on the road are electric that gas stations start to lose enough business to thin out.

      • @kent_eh@lemmy.ca
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        133 months ago

        They’ll lower production to introduce artificial scarcity.

        Just like they have done many times in the past.

    • @philpo@feddit.de
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      42 months ago

      Oil is not produced at maximum rate since the 70ies - which is good. (OPEC) We technically could produce much more and cheaper - but not for long.

      • @R00bot
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        42 months ago

        Yeah for the record I think it’s a good thing, but wanted to point out how the supply/demand system so often finds ways to keep screwing the consumer when demand reduces.