I kinda of like that my 2018 LEAF just looks like a normal Nissan.

OPEC can’t raise prices when demand is too low. They will eventually splinter as low-cost producers pump more to maintain budgets and high-cost producers collapse.

Even though we talk more about it when OPEC forces prices up, they have always had far more power to lower prices than raise them. They did it before in 2014 to try to fight against the shale oil boom.

If anything OPEC (mostly Saudi) will contribute to a crash by trying to kill high-cost producers in Western countries, preserving their market share.

OPEC controls Oil prices now because they control a large portion of the current production, and many OPEC countries have some of the cheapest to extract oil in the world and can tolerate very low prices.

In the future, as oil demands fall, OPEC will have less and less power to drive prices up. They will still have the power to lower prices, competing with high-cost Shale and Tar Sand production in North America and, to some extent, the offshore oil produced in Western Europe.

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More recently, particularly after the pandemic, oil prices have impacted Gasoline prices less.

The biggest driver of high gasoline prices right now is refinery margins.

Refinery capacity was lost during the pandemic when demand and oil prices plunged, and it has never recovered.

The current profit margins for oil refineries have been at ridiculous all-time highs for the past few years because they never brought capacity online to meet the demand after the pandemic.

That lack of capacity caused gasoline and diesel prices to balloon higher than when oil was over $100 per barrel in the late 2000s, even though inflation-adjusted oil prices are far lower. Even right after the shock of the Ukraine invasion, oil prices we far lower than what they were in the late 2000’s.

I think gas prices will crash after there is serious demand destructive n caused by EV adoption.

It will be slow, with lots of ups and downs but gas will get cheaper as more people drive EVs.

The flip side is EV and EVSE equipment will get cheaper too and they become more widely adopted and mass produced.

Installing an EVSE a one time pain the it’s pretty easy to replace one once you have one.

Most homes and apartments will allow for EV charging, and the cost of electricity at home will still be cheaper then gasoline most places for a long time

Public chargering prices will level out for market demand, prices will likely end up being about the same or a little cheaper on average per km then gasoline for public charging.

That’s my predictions.