The last couple of months have been eventful to say the least. Where tensions with the middle east have led to some major consequences. The targeting of Iranian leaders has led to the closing of a vital waterway known as the Strait of Hormuz.
This waterway provides 20% of the world’s oil supply, and is crucial to keeping a stable economy. The closing of this waterway has had a major impact on the U.S. in specific, who already has limited access to oil. The impacts have been seen by communities, as gas prices begin to skyrocket to an all-time high.
Gasoline companies begin to take advantage of the consumer, entering their expertise in business. Despite our access to more oil, and the ability to reduce pricing, the price either stays the same, increases, or decreases in very minimal intervals. This is largely due to the fact that these companies want to make money in times like these, and set the high pricing as a standard. Often, they are asked by the President and government to lower their prices, and rather than acting on it, they delay the process and make up excuses to milk dollars out of American Citizens.
This is especially true for California and New York who have higher state taxes, and environmental regulations that differ so greatly from other states. California continues to have the highest pricing largely due to their isolation from major pipelines that lead to more volatile and isolated markets.
It can feel like there is nothing to do against such an expensive need, but you can find that many places actually offer many alternatives to basic gasoline. For starters, getting an electric car in a time like this can be a huge life saver when it comes to high driving rates, and individuals who commute daily. Switching to electric is an easy investment that will guarantee a long-term reward.
For some models and brands of gasoline vehicles, alternatives are provided that can definitely help you save large sums of money. E85 gas for example also known as ethanol gas, is produced organically from the farming and breaking down of corn. Although it is less deficient, it is far cheaper than normal gasoline, and is much more positively proportionate than gasoline. Not only is it cheap, but it is also renewable, meaning that its impact on the environment is really low in comparison to gasoline. It burns very easily, purifying the air, and not polluting our cities and communities.
Many questions regarding the future of the gasoline industry persist, where angry citizens of the U.S. demand timelines on when gas prices will fall. The truth is nobody really knows. The uncertainty in the Middle East is enough to show that prices are most likely not going down anytime soon.
While the possibility of prices falling is always considered, my advice to you is that you start planning for the worst. There is no negative consequence involved in switching to electric or a car that uses E85 gas, and you’re already doing a favor for the environment. More alternatives will develop if prices remain stagnant, and you have the opportunity to jump on them before the rest of society does. Pricing for electric cars and ethanol gas will begin to rise, as it gets more attention from the people, and this is your chance to go through the open window.
