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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 million barrels by the end of June 2020.

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CapGemini: 87% of global consumers prefer personal vehicle to ensure safe travel, up from 57% in April 2020

Green Car Congress

This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection. Meanwhile, 78% of consumers will opt for using their personal vehicles over taking public transport.

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Up close with the Rivian R2: Even better in-person [Gallery]

Baua Electric

The materials aren’t as nice as the R1T/R1S, but that’s to be expected given the price differences. I was so-so on the rims based on pictures and videos I’d seen online, but I actually thought they looked pretty sick in person. The size, to me, seems perfect. Two glove boxes, flashlight in the door, very nice. Bye, bye, Model Y.

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Elon Musk loses crown as Forbes’ Richest Person

Teslarati

Elon Musk has officially lost his position as the richest person in the world. billion today, forcing him to relinquish his spot as the wealthiest person in the world. Musk’s net worth has mostly dropped due to a significant slide in Tesla’s stock price, which has been demolished over the past year. billion today.

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Tesla’s Elon Musk expected to become the world’s richest person again

Teslarati

Tesla CEO Elon Musk appears to be well on his way toward recapturing the title of the world’s wealthiest person by net worth. As Tesla shares dropped in 2022, Elon Musk, who was then listed as the world’s wealthiest person by net worth, was overtaken by Arnault. The Teslarati team would appreciate hearing from you.

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Recent changes in the price of gasoline and in the amount of driving

Green Car Congress

One possible consequence of the recent jump in the price of gasoline in the United States might be a reduction in driving. The main such variables are currently the course of the pandemic, and our complex personal and societal reactions to it (e.g., Price of gasoline. by Michael Sivak, Sivak Applied Research. Amount of driving.

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Fisker and Foxconn confirm Fisker PEAR production in Ohio; expected base price below $29,900

Green Car Congress

Fisker confirmed that it will produce its second vehicle, the Fisker PEAR (Personal Electric Automotive Revolution) ( earlier post ), at the factory Foxconn (Hon Hai Precision Industry Co. The Fisker PEAR will have an expected base price below $29,900 before incentives. recently acquired in Ohio from Lordstown Motors ( earlier post ).

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