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West Central MN | Gasoline demand isn't falling because of the EVs, the lower and middle class that consume the majority of gasoline in this country, are being financially squeezed hard. These same people also notice their electric bills spiking and likely aren't going to rush out and purchase a new $50-100k EV. Electricity is becoming more expensive everyday and the purchasing power of consumers of falling every day. The EV revolution is dead on arrival. | |
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Hormuz shipping update and Diesel costs in Australia update.