Would $7 per gal effect your RV lifestyle?
Recently experts have predicted that gas prices could soon reach $7 per gallon. Depending where you go in northern CA, prices have been north of $5 for at least a couple of months. I just filled my Du...
Forum Discussion
ferndaleflyer wrote:Yes. The frackers went bankrupt when the oil prices dropped due to increased production from the big 3. Then the pandemic hit and pushed prices down again.
Went from energy independent to buying off shore with change of administration and limiting domestic production. We have the oil but current administration has restricted production. Maybe to make electric vehicles look better--maybe.
In my case since I own producing oil & gas leases the increased income from these will cover the increase at the pump. I will still travel.
Now that prices are rising the frackers are coming back. Although most have measured increases closer to 10% compared to the previous maximum expansion.
Electric vehicles are reducing demand so they do benefit those that want energy independence and low gasoline prices. The EV effect will never be noticed as it will be spread over decades.
