Gasoline will be around long after the article author is pushing up daisies. Bet on it.
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I don’t disagree. But the monopoly prices that gasoline has enjoyed are going to disappear.
Consumers are going to enter into a generational sweet spot as electric cars (and natural gas vehicles)and internal combustion engines compete against each other and push transportation and energy costs down. Lower energy costs mean that there will be an explosion of wealth and consequently a growing demand for more energy.
From the article:
The refining business is stable within the US. These companies have thin margins at 2.7%
A 2.7% margin is monopoly pricing? Has the author shared his stash with you? Sorry to be rude but do you think 2.7% profits are gouging?