this post was submitted on 17 Sep 2023
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Oil prices rising won't just affect cars that run on petroleum products. All your electricity bill will probably rise as well unless power in your area is 100% provided by renewable energy.
Even then, most renewable energy still rely on fossil fuel to run the vehicles for transporting and maintaining their infrastructure, so now even that cost would sharply increase.
Talking about EVs, just which EV companies have eliminated the involvement of any fossil fuel in their supply line? Unless we have enough of these supply lines, EV prices will also increase for the majority of people.
Very few electric plants burn petroleum products. Fossil fuel plants typically burn either coal or natural gas, neither of which would be significantly affected by disruption of oil-based infrastructure.
Natural gas is a petroleum product.