This is quite wrong as if demand for oil did drop then refinery cost drops (energy costs are lower) and so does fuel price. Remember most oil profits go to the sovereign states who own it.petrol is likely to become a specialist commodity at some point. Petrol stations are expensive to run, licence etc, so once the volume falls out of the market they are going to either have to charge a hell of a lot more, or just give up.
Refining, distribution, literally every thing thats now cheap will become more expensive as it becomes more niche. Companies will leave the market place and fewer companies will survive by price gouging with low volumes. It ain't going to be a cheap place to operate.
In the mean time, general public will moan about these silly old polluting cars holding everyone up
Real rich people will be fine, they will probably have a tanker come round, top up the car collection.
petrol is incredibly cheap really. It’s the taxes that are giving EV the benefit on running costs. Which won’t last forever
Isn’t specialist commodity an oxymoron ?