Gas is cheaper this year — but that has drawbacks for electric cars

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U.S. drivers spent an average of about $3.40 for every gallon of gas in February.

When they're high, many Americans tend to blame whoever's sitting in the Oval Office — even though, asover the cost of commodities priced on global markets, oil included.Crude oil prices have fallen over the past year, leading to cheaper automotive gas.

A barrel of West Texas Intermediate crude — a common industry benchmark — costs around $76 as of late February, down from about $122 in June 2022. Oil prices spiked last year amid uncertainty over Russia's invasion of Ukraine and the economic sanctions against Russia — a major oil producer — that followed.

 

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Oh, for fuck’s sake

What's the average cost per mile now of a mid-size electric car versus a ICE car? Just 'fuel', not price difference. A Honda Accord costs about $.09/mile to drive. An EV?

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