There's been some pictures of gas prices of 7 dollars in some places. The increase in price for oil and gas is a good thing for EV companies and it benefits Tesla the most. Let's see how.

First off, higher gas prices are going to hit the global economy and the average consumer who uses an internal combustion engine vehicle. The lower gas mileage the vehicle and the bigger it is, the bigger the hit will be. This is where an EV comes in.

Let's see what gas prices are in the United States across all 50 states. To do that, I visited AAA Gas Prices. I live in Utah and their price is about right for what I'm paying for my Honda Fit in Utah. And this is on the low end of the spectrum. The high end average gas price ranges from $5 to $6, with the ultra high end passing $7 per gallon.

So far, there is no indication that these gas prices are going to go down any time soon, especially with the Russia invasion of Ukraine and Russia's large supply of oil it sells. Thankfully, I have a Model 3 RWDon order and this will help curb my gas spending. But I already drive a light weight car that gets good gas mileage, I'll save about $75 to $100 a month on gas. Others will save a lot more.

Savings From Using an EV Like Tesla.

To calculate savings, I'll simply take the cost per mile to use a Tesla supercharger and I will then take the cost per mile of gasoline. I'll use several vehicles as an example including my own Honda Fit, as well as a Tesla Model 3 RWD to see what the savings are from using an EV, and in this case, a Tesla.

The rough average cost to charge a Tesla Model 3 RWD is about $8. The average cost of gas per gallon is about $3.84 right now. If the average driver drives 10.000 miles in a year, here's what the savings look like:

Cost per mile just for gas for each vehicle.
Honda Fit: $1280 per year or about $100 per month.
Jeep Wrangler: $1920 per year or about $167 a month.
Ford F-150: $1923 per year or about $167 a month as well.
Tesla Model 3 RWD: $333 per year or about $27 a month as well.

Already, I'm expecting to get a savings of around $1000 per year by having my Model 3 RWD just for gas savings. That doesn't factor in less maintenance, oil changes, etc... We'll have to wait to see how that plays out. In conclusion, higher gas prices means more and more incentive to get an EVand for me, a Tesla vehicle.

Source: Re-posted and Summarized from Jeremy Johnson at torquenews.

My Take: My hope is that this helps to speed up vehicle electrification.

Re Posted From: Higher Gas Prices Benefits Companies Like Tesla

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There's been some pictures of gas prices of 7 dollars in some places. The increase in price for oil and gas is a good thing for EV companies and it benefits Tesla the most. Let's see how.

First off, higher gas prices are going to hit the global economy and the average consumer who uses an internal combustion engine vehicle. The lower gas mileage the vehicle and the bigger it is, the bigger the hit will be. This is where an EV comes in.

Let's see what gas prices are in the United States across all 50 states. To do that, I visited AAA Gas Prices. I live in Utah and their price is about right for what I'm paying for my Honda Fit in Utah. And this is on the low end of the spectrum. The high end average gas price ranges from $5 to $6, with the ultra high end passing $7 per gallon.

So far, there is no indication that these gas prices are going to go down any time soon, especially with the Russia invasion of Ukraine and Russia's large supply of oil it sells. Thankfully, I have a Model 3 RWDon order and this will help curb my gas spending. But I already drive a light weight car that gets good gas mileage, I'll save about $75 to $100 a month on gas. Others will save a lot more.

Savings From Using an EV Like Tesla.

To calculate savings, I'll simply take the cost per mile to use a Tesla supercharger and I will then take the cost per mile of gasoline. I'll use several vehicles as an example including my own Honda Fit, as well as a Tesla Model 3 RWD to see what the savings are from using an EV, and in this case, a Tesla.

The rough average cost to charge a Tesla Model 3 RWD is about $8. The average cost of gas per gallon is about $3.84 right now. If the average driver drives 10.000 miles in a year, here's what the savings look like:

Cost per mile just for gas for each vehicle.
Honda Fit: $1280 per year or about $100 per month.
Jeep Wrangler: $1920 per year or about $167 a month.
Ford F-150: $1923 per year or about $167 a month as well.
Tesla Model 3 RWD: $333 per year or about $27 a month as well.

Already, I'm expecting to get a savings of around $1000 per year by having my Model 3 RWD just for gas savings. That doesn't factor in less maintenance, oil changes, etc... We'll have to wait to see how that plays out. In conclusion, higher gas prices means more and more incentive to get an EVand for me, a Tesla vehicle.

Source: Re-posted and Summarized from Jeremy Johnson at torquenews.

My Take: My hope is that this helps to speed up vehicle electrification.

Re Posted From: Higher Gas Prices Benefits Companies Like Tesla

Auto Helpers