EV’s Are Helping Gas Prices More Than You Realize

Added: 2026-05-18

[00:00:00]For the time being, the ceasefire remains in place. You >> It's unbelievably weak. I would say I would call it the weakest right now.

[00:00:10]After reading that piece of garbage they sent us, I didn't even finish reading it.

[00:00:14]>> Well, it appears the president is being a little bit more straightforward about the actual condition of peace talks in the Middle East. But what I want to talk about today is what a lot of people have been missing, including a lot of energy experts. And from the beginning of this deal, I have said repeatedly many, many times that it's going to be very, very hard for oil to actually get to $200 a barrel, while many others were saying constantly, oh, we're headed to 200. And I've been trying to get people to slow down on that prediction because it is much harder than say just in 2022 to get oil prices as high as they were and gas prices specifically as high as they were. And it's because of renewable energy. You see, what a lot of people have completely forgotten about or discounted or not included in their calculations is the fact that since 2022, there have been so many EVs been introduced to global market that it's actually offset about 2.5 million barrels a day of global oil demand. And a lot of people will say, you know, that's only 2%. Like, is it that big of a deal? Yes, it's that big of a deal.

[00:01:31]And that's because when markets are tight, every little bit counts. Just look at what happened in the Great Lakes area when BP's Whiting Refinery went down. Gas prices jumped by a dollar literally overnight. So when markets are really tight, the smallest little thing can cause big spikes in prices. And that's where we get back to this 2.5 million barrels of oil a day. Over the length of this conflict, over this time, it would have nearly added 200 million barrels to the amount of oil we've lost. Much of the oil that have been released from reserves around the world would have already been all used up. What I'm saying is markets would be significantly tighter and gas and oil prices would both be significantly higher. Now, they wouldn't be $200, but you can easily make the argument and connect the dots that without the tens of millions of EVs that have entered the global market since 2022, when gas in the United States hit its all-time high of over $5, had that not happened, gas would easily be at or above where it was in 2022. And look, I'll be the first to admit, I missed that myself in the beginning of this. I I didn't even consider the fact that over 60 million EVs have entered the global market since 2022. And you simply cannot deny the fact that that's having a huge impact on oil and gas prices today as they would be significantly worse without those EVs. Thanks.