Online searches for electric and hybrid cars increase as war-linked fuel prices hit highest levels in nearly three years

Online searches for electric and hybrid cars increase as war-linked fuel prices hit highest levels in nearly three years

US car buyers are showing a surge in interest in electric vehicles after Donald Trump’s decision to attack Iran helped cause a major jump in gasoline prices.

The cost to refuel a vehicle in the US is at its highest level in nearly three years, with the average national price of gas standing at $3.90 a gallon on Friday.

This increase has been driven by the rising global cost of oil in the wake of the US and Israel’s bombing of Iran, a major oil producer. The conflict has resulted in the strait of Hormuz, a vital waterway that conveys around a fifth of the world’s oil, being shut off by Iran.

  • AA5B
    1·
    19 hours ago

    I’m actually stocking up on popcorn to watch the price of gas over the next decade as most of the world transitions to EVs

    The thing is, as companies adjust to changing demand, supply will be out of balance. We’re in for a wild ride as price stability is the first thing to go.

    Will people still not see it as it happens? They’ll see the low prices and buy ever larger trucks, then another refinery closes and prices will be high. Surprise!