Remove Gas Remove Gas-Electric Remove Oil Remove Ukraine
article thumbnail

EIA expects continued high prices for diesel and home heating oils

Green Car Congress

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

Oil 334
article thumbnail

EVs are avoiding about 3% of global oil demand—a fifth of Russia's total exports

Green Car Reports

Russia's ongoing invasion of Ukraine has triggered international sanctions throttling the country's oil exports, leading to fears of every higher gas prices. But electric vehicle adoption has been helping make the situation less grim. million barrels of oil per day last year, according to new analysis from.

Russia 212
article thumbnail

5 Ways To Cut Oil & Gas Use Through Clean Transportation (Video)

CleanTechnica EVs

Oil and gas prices are skyrocketing as a result of Russia’s invasion of Ukraine, with gas prices exceeding $4 a gallon in the United States in March 2022 and more than $10 a gallon in other countries. There’s never been a better time to reduce reliance on fossil fuels.

Oil 93
article thumbnail

Tesla’s Elon Musk predicts peak oil demand within next 5 years

Teslarati

Over the years, Musk has clarified on Twitter that he actually supports solutions such as nuclear energy, and amidst the Russia-Ukraine war, the CEO highlighted the need for greater oil and gas output. In a recent response on Twitter, Musk predicted that the use of oil and gas would likely peak within the coming years.

Oil 145
article thumbnail

Will Higher Oil Prices Spark a Tesla Stock Surge?

CleanTechnica EVs

As Ukraine weathers a continued Russian invasion, sanctions are causing high oil prices, resulting in high gas costs at the pump for consumers. According to Oil Price.com, the event has many wondering if high gas prices could further accelerate Tesla’s rising stock prices and the overall adoption of electric vehicles.

article thumbnail

Ironic Today Show segment explains tips for gas mileage while anchor sits in electric vehicle

Teslarati

The Today Show released a helpful segment during this morning’s broadcast, showing tips on how consumers can increase gas mileage as prices at the gas pump are reaching record levels. The only problem is NBC showed these tips on an all-electric Ford Mustang Mach-E. A week ago, it was $3.61, and a year ago, it was $2.77.

article thumbnail

Tesla is experiencing order rate increases in the U.S. because of soaring gas prices: report

Teslarati

Tesla is reportedly seeing increased order rates in the United States this week after soaring gas prices have helped some drivers transition to electric vehicles to avoid paying astronomical amounts at the pump. AAA data suggests the average cost of a gallon of gas is currently $4.318, up nearly 60 cents since last week and nearly $1.50

Gas 145