Energy prices have been high since the US-Israel war with Iran began and the strait of Hormuz was blocked
US gas prices this month are so far the highest ever recorded for August as peace talks between the US and Iran have stalled and Donald Trump launched fresh threats against Oman.
The national average price of gas was $4.06 per gallon on Monday, according to data from AAA, $0.05 higher than last week and $1 more expensive than a year ago. In California and Hawaii, averages hit about $5.50 a gallon.
Energy prices have been high since the US-Israel war with Iran began at the end of February and the strait of Hormuz, a crucial waterway through which a fifth of the oil passes, was blocked.
I bought my used Bolt EUV for $19k in February. Charging at home costs about 1/3 what it cost to fuel my RAV4 at the time, so probably more like 1/4 or 1/5 now. If you can’t charge at home, it doesn’t really make sense to switch since it’s barely cheaper and way less convenient to use DC fast charging.
The price is already comparable to ICE vehicles unless you’re looking at something that’s luxury or flashy. For people who can charge at home and need to buy a car today, it almost never makes sense to pick a gas car anymore. The time is finally here.