Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Just a random musing. As EV’s become more popular, means less gas being used, means potentially lower prices since supply of gas should increase? Or do they just cut production and keep prices the same.
Wondering what will happen in the long term.
Yes and no. Overall demand falling will lower prices initially, but at some point it will become much less profitable to make gas and the supply chain will condense and consolidate in turn increasing prices. Basically, supply should scale to demand.