Funny. This is the first time gas prices are going through the roof, and big oil isn’t being blamed, its Biden!
With the increase of oil prices, there will be more demand for electric vehicles. However, the rare earths and lithium needed for them will mean locating them and digging new mines for them. That development will add to the price of the electric vehicles. Then, there will be the demand for electricity which will drive up its cost.
I would say bumbling Biden upset the apple cart.