Diesel
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Oil Crisis Makes Drivers Reconsider Electrics
The US-Israeli attack on Iran, and Iran’s retaliation has caused a massive rise in the costs of petrol and diesel. In the UK, petrol is up around 30% and diesel is up around 50%. In the USA, average gas prices were up by 33% in early April
There seems to be a never ending cycle of oil-related problems. In 2008, supply, demand and speculation caused a massive price hike. In 2022, Russia invaded Ukraine causing another oil price hike. And now, the US-Israeli attack on Iran has driven yet another price hike. The fundamental problem is that transportation remains totally dependent on oil, and oil prices are set by a very volatile global market.
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Diesel Demand Continues To Drop
ALTERNATIVE POWER REPORT
This article is a link to a podcast by Electrek which explores the historic drop in global diesel demand. It examines whether it is inflation and a slowing economy or the rapid rise in EV sales that’s displacing millions of gallons of oil demand.
Source: Electrek: Read The Article
PSR Analysis: The podcast gives a useful background to this story and is only 14 mins long. PSR
Guy Youngs is Forecast & Adoption Lead for Power Systems Research
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