Chevron’s CEO has warned that he isn’t sure how high gas prices could get as Donald Trump continues to try to bring an end to the two-month-long Iran war. Mike Wirth was interviewed on CBS’s Face the Nation on Sunday and said that the war had exposed the relative futility of some measures taken to avert price shocks for consumers while warning that gas prices were not done rising, at least for now. Gas prices are nationally averaged at $4.46 for a gallon of low-grade fuel. Wirth said it was “very hard to say” that gas prices had peaked, as some administration officials have hurriedly insisted over the past month. Now, negotiations over a ceasefire deal have collapsed and Iran’s grip over the Strait of Hormuz has so far proved impossible for the U.S. to shake loose.
I’m pretty sure that electric vehicles didn’t really exist in a remotely viable form in 2008, because my Dad was a relatively early adopter with the Nissan Lead, and I remember it took an inordinate amount of effort to plan charging stops for a long distance journey.
A lot of people will just go back to their old habits, but for many others, this could be the thing that kicks them out of their inertial rut.