22
So fuel prices will go down right? Less demand for fuel due to electrification of cars and no decrease in production yet.
there are more internal combustion cars every year
If fuel prices will come down (I think they will not) it would be to demand destruction. Electrification is negligible and will have no impact on diesel and bunker fuel demand, which is already scarce due to overabundance of light crude from fracking. Decrease in production is certainly expected in the near to mid-future.
this post was submitted on 03 Apr 2024
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Collapse
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